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Write the journal entries and prepare the preclosing trial balance:

a. On Feb 1st, Estimated revenues were $1,200,000 ($905,000 was estimated for property tax, $200,000 for sales tax, and $95,000 in other revenues) and appropriations totaled $1,196,000. All expenditures are considered general government.

b. On March 1st, property taxes were levied for $902,000. the community does not utilize an allowance account, as everything is expected to be collected within the fiscal year.

c. On April 1st cash receipts totaled $870,000 for property taxes and $ 200,000 for sales taxes, and 75,000 for other taxes.

d. On May 1st the city council passed an amendment to the budget to increase appropriations for community events by $100,000. They reduced the appropriation for general government expenditures for te full amount.

e. On June 3rd, contracts were issued for two community events in the amount of $90,000.

f. On June 3rd, contracts were issued for two community events in the amount of $90,000.

g. Services were performed on June 28th relating to $82,000 of the June 3rd contracts; the actual invoices were $80,000. Record the actual expenditure.

h. On August 5th, invoices were received for general governmental expenditures in the amount of $950,000. i. On September 29th, accounts payable were paid in the amount of $1,025,000.

1. Preparing closing entries as of December 31. Record closing entries for budgeted amounts.
2. Preparing closing entries as of December 31. Record closing entries for encumbrances.
3. Preparing closing entries as of December 31. Record closing entries for actual amounts.

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