please fast

ACC 3700 CHAPTER 3 ADDITIONAL HOMEWORK PROBLEM II A town gives recognition in its accounting records to its General Fund budget. Required: 1/1 Record in the General Fund estimated total revenues of $100,000 1/1 Record in the General Fund estimated appropriated expenditures of $80,000 1/5 Record in the General Fund collection of $105,000 of property taxes. 1/15 Record in the General Fund payment of $65,000 of salaries. 1/20 Record in the General Fund payment of rent of $6,000. 1/31 Record the month end closing entries. ACC 3700 CHAPTER 3. ADDITIONAL HOMEWORK PROBLEM 12 Madison County records encumbrances in its accounting records and engaged in the following transactions during its fiscal year: 1. Ordered office supplies for $10,000 2. Ordered equipment for $40,000 3. Received $60,000 of property taxes in cash 4. Received and paid for the equipment at a final cost of $42,000 5. Received a portion of the supplies and paid $8,000. The supplies were used up during the year Required: a. Prepare the journal entries for the above transactions b. Prepare the year end closing entries c. Assuming a beginning of the year Fund Balance was $15,000, what is the end of year Fund Balance? d. Assuming all of the beginning of the year Fund Balance was unassigned, how much of the end of year Fund Balance, if any, is now assigned? e. What would have been the difference, if any, in the year end Financial Statements had Madison County not made the encumbrance entries