Question: please type the answers on computer dont write it by hand P4-2 (General Fund Typical Transactions) Prepare all general journal entries required in the General

please type the answers on computer dont write it by hand
please type the answers on computer dont write it by hand P4-2

P4-2 (General Fund Typical Transactions) Prepare all general journal entries required in the General Fund of Washington County for each of the following transactions. Also, use transaction analysis to show any effects on the GCA-GLTL accounts. 1. The county levied property taxes of $5,000,000. It is estimated that 2% will be uncollectible. The rest of the taxes are expected to be collected by year end or soon enough thereafter to be considered available at year end 2. The county collected 54,300,000 of the taxes receivable before the due date and the balance of taxes became delinquent 3. The county collected another $540,000 of the taxes receivable by the end of the fiscal year. 4. The county paid salaries and wages of $3,500,000 to General Fund employees during the year. Accrued salaries at the beginning of the year were $180.000, and accrued salaries at year end were $200,000 5. The county General Fund loaned $800.000 (trom resources available for general purposes) to the Washington County Inland Port Authority Enterprise Fund. The loan is to be repaid in 3 years 6. The county purchased materinis and supplies for various General Fund departments. The actual cost of $398,000 was vouchered 7. The county purchased road maintenance equipment at an actual cost of $40,000, which was vouchered 8. The county contributed $500.000 of General Fund money to a Capital Projects Fund to provide partial financing for construction of its recently approved sports center. The balance of the cost will be financed by grants and borrowing, a. The county borrowed $100,000 for General Fund purposes on a 6-month, note. The note was issued 2 months before year end. Prepare any required year-end adjustments as well as recording the original transaction

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