Question: CAN SOMEONE HELP ME WITH THIS PROBLEM 16-16 IM REALLY STUCK? For the period July 1, 2018, through October 1, 2018, prepare journal entries to

CAN SOMEONE HELP ME WITH THIS PROBLEM 16-16 IM REALLY STUCK? ForCAN SOMEONE HELP ME WITH THIS PROBLEM 16-16 IM REALLY STUCK?

For the period July 1, 2018, through October 1, 2018, prepare journal entries to record the preceding transactions, using the following Newport Tilburg County Tilburg County Tax Agency Fund General Fund Reed City Township General Fund General Fund Accounts Deb credit Debit Cred Debit Credit Debi Credit AICPA adapted) Problem 16-16 (Lo various funds and account groups. A selected list of transac- tions for the city of Hope for the fiscal year ending June 30, 2018, follows 1. The city government authorized a budget with estimated revenues of $4,500,000 and appropriations of $4,450,000. 2. The city's share of state gasoline taxes is estimated to be S264,500. These taxes are to b Appropriations are authorized in the amount of used only for highway maintenance. $250,000 3. Property taxes of $3,000,000 are levied by the city. In the past, uncollectible taxes have averaged 2% of the gross levy. 4. A $1,000,000 term bond issue for construction of a school is authorized and sold at 99 Bond issue costs were $5,000. 5. Contracts approved by a city official are signed for the construction of the sch ool at an esti mated cost of $1,000,000. 6. The school is constructed at a cost of $1,250,000 Atransfer of $100,000 is made by the general fund to the debt service fund 8. Land with a fair value of $500,000 is donated to th e city. 9. The city received $205,000 in partial payment of its share of state gasoline taxes, with an additional $60,000 due from the state government in 60 days 00, which represent highway labor maintenance costs, are 10. vouchers totaling approved for payment by the special revenue fund For each event, prepare the ournal entries. for all of the funds and groups of accounts 4 involved, using the following formal Fund or Account Group ournal En Problem 16-17 (LO 4) Various funds and account groups. The village of Fay was recently incorporated and began financial operations on July 2018, the beginning of its fiscal occurred during this first fiscal year from July 1, 2018, to June for general operations during the fiscal year ending at $400,000. Legal auth for expendi orizations that 2% of th on the te of the is amount would evy to finance cur- securities, valued at $50,000, t stipulated that

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