Reference no: EM132475192

Required:

Question 1: Make summary journal entries for payroll in both the General Fund and governmental activities general journals for the year.

Point 1: Invoices for some of the goods recorded as encumbrances in transaction 4-a-2 were received and vouchered for later payment, as listed below. Related encumbrances were canceled in the amounts shown (select "Elimination" in the drop down [Description] menu in the Detail Journal):

                                            Expenditures                                      Encumbrances

General Government               $ 130,606                                  $ 130,572

Public Safety                          366,088                                      366,154

Public Works                            141,981                                       141,972

Culture and Recreation               126,000                                        125,965

Total                                        $ 764,675                                       $ 764,663

Required:

Question 2: Record the receipt of these goods and the related vouchers payable in both the General Fund and governmental activities journals. At the government-wide level, you should assume the city uses the periodic inventory method. Thus, the invoiced amounts above should be recorded as expenses of the appropriate functions, except that $ 32,240 of the amount charged to the Public Works function was for a vehicle (debit Equipment for these items at the government-wide level).

Attachment:- record receipt.rar