You are an accountant for the city of Springfield record the following transactions General fund As.

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You are an accountant for the city of Springfield record the following transactions General fund As one of the accountants for the city of springfield you will record the following transactions into the accompanying workbooks 1. The city levied its general property taxes for the year of 1,580,000 the city estimates that 30,000 of the taxes will prove uncollectible. recor the taxes assuming the city will collect the remaining balance later during the year. 2. The city ocllected 1,300,000 of property taxes before the due date for taxes. The remainder of the taxes receibable become delinquent. 3. The city received and vouchered the materials and supplies that were on order from the previous year. Teh actual cost equaled the estimated cost of these materials and supplies. 19,000 the city records expenditures for materials and supplies when they are consumed. a perpetual inventory system is used. 4. The city incurred and paid salary expenditures as follows: Accrued salaries payable January………………………….150,000 General government…………………………………………180,000 Public safety…………………………………………………580,000 Highways and streets……………………………………….175,000 Health and sanitation……………………………………….150,000 Parks and recreation…………………………………………220,000 Total………………………………………………

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