Following is a list of selected transactions for the City of Alpena:
a.The city used general property taxes to purchase a computer for the police department. The cost of the computer was $30,000. It was not encumbered.
b.Joseph Green donated land and a building to the city with book values of $25,000 and $150,000, respectively. When the gift was made, the appraisal values were $35,000 for the land and $135,000 for the building.
c.The city sold an old police car originally purchased by the General Fund for $10,000. The selling price was $2,500.Required:Make the necessary journal entries in the funds and account groups affected.

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The Answer of Following is a list of selected transactions for the City of Alpena:
a.The city used general property taxes to purchase a computer for the police department. The cost of the computer was $30,000. It was not encumbered.
b.Joseph Green donated land and a building to the city with book values of $25,000 and $150,000, respectively. When the gift was made, the appraisal values were $35,000 for the land and $135,000 for the building.
c.The city sold an old police car originally purchased by the General Fund for $10,000. The selling price was $2,500.Required:Make the necessary journal entries in the funds and account groups affected.

Following Is a List of Selected Transactions for the City