Government accounts items requiring passing of journal entries in the General Fund.

The City of Brownsville engaged in the following transactions.; REQUIRED:; Assuming that the City maintains its books and records in a manner that facilitates the preparation of fund financial statements, prepare the appropriate journal entries in the General Fund.; If no entry is required, write "No Entry Required."

a)The City purchased for cash three dump trucks at a unit cost of $70,000 each.

b)The City sold for $3,000, a police car that had been purchased four years ago at a cost of $30,000.; At the time of acquisition, the City estimated that the police car had a useful life of five years and a salvage value of $5,000.

c) During the year, the City spent $12 million to build a third lane on both sides of the major north-south highway through town.

d) The City traded in a pickup truck used in general government operations for a new pickup truck, paying a difference of $16,000.; The old pickup truck was purchased four years ago at a cost of $21,000.; At the time it had an estimated useful life of five years, and an estimated salvage value of $6,000.; At the time of the trade, the old truck had a fair value of $10,000.; The new truck has a sticker price of $27,000.;

e)During the year the City began construction of a New City Hall.; By year-end, the City had made progress payments to the contractor of $2 million.