Jefferson County's General Fund began the year 2017 with the following account balances:

During 2017, Jefferson experienced the following transactions:
1. The budget was passed by the County Commission, providing estimated revenues of $285,000 and appropriations of $235,000 and estimated other financing uses of $40,000.
2. Encumbrances totaling $4,800 outstanding at December 31, 2016, were re-established.
3. The Deferred Inflows-Property Taxes at December 31, 2016, is recognized as revenue in the current period.
4. Property taxes in the amount of $290,000 were levied by the County. It is estimated 0.5 percent (1/2 of 1 percent) will be uncollectible.
5. Property tax collections totaled $263,400. Accounts totaling $1,020 were written off as uncollectible.
6. Encumbrances were issued for supplies in the amount of $37,100.
7. Supplies in the amount of $40,500 were received. Jefferson County records supplies as an asset when acquired. The related encumbrances for these items totaled $41,000 and included the $4,800 encumbered last year. The County paid $37,800 on accounts payable during the year.
8. The County contracted to have alarm systems (capital assets) installed in the administration building at a cost of $46,000. The systems were installed and the amount was paid.
9. Paid wages totaling $135,900, including the amount payable at the end of 2016. (These were for general government operations.)
10. Paid other general government operating items of $7,600.
11. The General Fund transferred $43,000 to the debt service fund in anticipation of bond interest and principal payments.
Additional Information
12. Wages earned but unpaid at the end of the year amounted to $1,050.
13. Supplies of $350 were on hand at the end of the year. (Supplies are used for general government operations.)
14. A review of property taxes receivable indicates that $22,000 of the outstanding balances would likely be collected more than 60 days after year-end and should be deferred.
Required:
Use the Excel template provided on the textbook website to complete the following requirements. A separate tab is provided in Excel for the following items:
A. Prepare journal entries to record the information described in items 1 to 14. Classify expenditures in the General Fund as either General Government or Capital Outlay. Make entries directly to these and the individual revenue accounts; do not use subsidiary ledgers.
B. Prepare closing journal entries; post to the T-account provided.
Classify fund balances assuming there are no restricted or committed net resources and the only assigned net resources are the outstanding encumbrances.
C. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund for the year ending 2017. Use Excel formulas to calculate the cells shaded in blue.
D. Prepare a Balance Sheet for the General Fund as of December 31, 2017.

Deblts $132,348 47,220 Credits Cash Taxes Recelvable Allowance for Uncollectible Taxes Supplies Deferred Inflows-Property Taxes Wages Payable $ 1,570 660 21,000 900 156,758 $180,228 Totals $180,228