Journal entries, statement of revenue expenditures, and change in fund balance. On July 1, 2018, the beginning of its fiscal year, the trial balance of the general fund of the city of Wentworth was as...

Journal entries, statement of revenue expenditures, and change in fund balance. On July 1, 2018, the beginning of its fiscal year, the trial balance of the general fund of the city of Wentworth was as follows:

The following events occurred:

a. The budget shows estimated general fund revenues of $400,000 and estimated expenditures (including $16,000 encumbered in the prior year) of $362,000.

b. In July, the item ordered in the previous year was received at an invoice cost of $16,400.

A voucher is prepared.

c. Property taxes amounting to $300,000 were levied, with 4% estimated to be uncollectible.