Journal Entries. Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions. Be sure to indicate to which fund your entry(ies) apply in the fund-based journal and the type of activity (GT = governmental-type activities, BT = business-type activities) in the government-wide journal. Additionally, if the entry is the same at the government-wide level, indicate this with "SAME" and if no entry applies then indicate with "NE". If a transaction results in multiple entries 

(1) At the beginning of the year, the general budget for the city was approved. The city expects to receive $5,900,000 in property taxes and $600,000 from an unrestricted federal grant to be used for normal operating purposes. The city anticipates total expenditures of $6,200,000 for general operations and $600,000 in transfers to other funds.