I NEED HELP WITH $17C(REDX)$

The City $of$ Castleton's General Fund had the following post$-$closing trial balance $at$ June $30,2022,$ the end $of$ its fiscal year: $a.$ Record the effect $of$ the following transactions $on$ the General Fund and governmental activities for the year ended June $30,2023.b.$ Record $in$ general Journal form entries $to$ close the budgetary and operating statement accounts $in$ the General Fund only. $c.$ Prepare a General Fund balance sheet $asof$ June $30,2023.d.$ Prepare a General Fund statement $of$ revenues, expenditures, and changes $in$ fund balance for the year ended June $30,2023.$ Complete this question $by$ entering your answers $in$ the $tabs$ below. Record the effect $of$ the following transactions $on$ the General Fund and governmental activities for the year ended June $30,2023.$ Avoid use $of$ functional details for expenses and itemization $of$ revenue accounts. $So,$ use $of$ account names "Expenses" and "Revenues" will suffice wherever required. $(Ifno$ entry $is$ required for a transactio$\frac{n}{e}$vent, select $"No$ Journal Entry Required" $in$ the first account field.$)$

Governmental

Activities

The budget for $FY2023$ provided for General Fund estimated revenues totaling $$3,420,000,$ appropriations totaling $$3,140,000,$ and $an$ other financing

use$-$interfund transfer out $of$ $$226,000.$

The city council authorized temporary borrowing $of$ $$480,000in$ the form $ofa120-$day tax anticipation note obtained from a local bank.

General Fund and

Governmental

Activities

The property tax levy for $FY2023$ was recorded. Net assessed valuation $of$ taxable property for the year was $$48,200,000,$ and the tax rate was $$5$ per

$$100.It$ was estimated that $2$ percent $of$ the levy would $be$ uncollectible.

Governmental

Activities

Purchase orders and contracts were issued $to$ vendors and others $in$ the amount $of$ $$2,200,000.$

Governmental

ActivitiesGovernmental

Activities

A physical inventory $of$ materials and supplies $at$ June $30,2023,$ showed a total $of$ $$21,900.$ Inventory $is$ recorded using the purchases method $in$ the

General Fund; the consumption method $is$ used $at$ the government$-$wide level. $(Note$: A periodic inventory system $is$ used both $in$ the General Fund and $at$

the government$-$wide level. When inventory was purchased during the year, Expenditures were debited $in$ the General Fund journal and Inventory $of$

Supplies was debited $in$ the governmental activities journal.$)$

Governmental

Activities