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  3. the city collects $1 million of taxes for an indep

The city collects $1 million of taxes for an independent fire district located within the...

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Question

Accounting

  1. The city collects $1 million of taxes for an independent fire district located within the city.

Journal entry:

  1. The city spends $1.2 million on street maintenance using the proceeds of a city gas tax dedicated for road and highway maintenance and improvements.

Journal entry:

  1. The city receives a bequest of $1.5 million. The donors will, requires that the principal amount be invested in perpetuity and that the earnings on the investment be used to maintain a city park to be renamed for the donor.

Journal entry:

  1. The city collects water and sewer fees of $4.2 million.

Journal entry:

  1. The city pays $4 million to a contractor for work on a new bridge.

Journal entry:

  1. _The city receives $1.3 million to invest on behalf of the county.

Journal entry:

  1. The city pays its police officers wages of $325,000.

Journal entry:

  1. The city pays $2.2 million in bond interest on its general obligation debt.

Journal entry:

I want the journal entry for each of the transaction above thank you

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