The Trial Balance for the General Fund of the City

The trial balance for the General Fund of the City of Logan as of December 31,2016,is presented below:
CITY OF LOGAN
The General Fund
Adjusted Trial Balance
December 31,2016
Transactions for the year ended December 31,2017 are summarized as follows:
1.The City Council adopted a budget for the year with estimated revenue of $720,000 and appropriations of $710,000.
2.Property taxes in the amount of $495,000 were levied for the current year.It is estimated that $20,000 of the taxes levied will prove to be uncollectible.
3.Proceeds from the sale of equipment in the amount of $32,000 were received by the General Fund.The equipment was purchased four years ago with resources of the General Fund at a cost of $200,000.On the date it was purchased,it was estimated that the equipment had a useful life of six years.
4.Licenses and fees in the amount of $90,000 were collected.
5.The total amount of encumbrances against fund resources for the year was $595,000.
6.Vouchers in the amount of $445,000 were authorized for payment.This was $11,000 less than the amount originally encumbered for these purchases.
7.An invoice in the amount of $19,000 was received for goods ordered in 2016.The invoice was approved for payment.
8.Property taxes in the amount of $425,000 were collected.
9.Vouchers in the amount of $385,000 were paid.
10.Forty-one thousand dollars was transferred to the General Fund from the Trust Fund.
11.The City Council authorized the write-off of $15,000 in uncollected property taxes.
Required:
1.Prepare entries,in general journal form,to record the transactions for the year ended December 31,2017.
2.Prepare the necessary closing entries for the year ending December 31,2017.