Answer:
City of Buffalo Falls
a. Journal Entries:
Beginning balances:
Jan.1, 2020 :
Description                 Debit                Credit
Cash                        $93,000
Taxes Receivable  $189,500 
Accounts Payable                              $52,250
Fund Balance                                   $230,250
To record opening balances of the General Fund.
Transactions during the year:
Description                 Debit                Credit
Taxes Receivable      $1,230,000
Estimated Revenue                         $1,230,000
To record the estimated revenue for the year.
General Government  $1,227,400
Accounts Payable                            $1,227,400
To record the estimated appropriations for the year.
Property taxes receivable $915,000
Other revenue receivable $315,000
Estimated revenue                              $1,230,000
Cash Account                  $1,182,500 
Property taxes receivable                     $885,000
Other revenue receivable                    $297,500
To record the cash receipts.
Contracts                                  $95,250
Accounts Payable                                      $95,250
To record contracts for services.
Debit General Government  $963,500
Credit Accounts Payable                        $963,500
To record the other expenditures.
Debit Accounts Payable      $1,092,500
Credit Cash Account                              $1,092,500
To record payment on account.
b. Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund:
Estimated Revenue   $1,230,000
less Expenditure:
Contracts                          95,250
Other expenditures       963,500
Change in fund             $171,250
Fund balance b/f           230,250
Fund balance c/f          $401,500
c. Balance Sheet for the General Fund:
Cash                              $183,000
Taxes Receivable           237,000
Total assets                 $420,000
Accounts Payable            $18,750
Fund balance                  401,500
Total liabilities + Fund $420,250
Explanation:
a) Cash Account:
Beginning balance            $93,000
Property taxes                   885,000
Other revenue                  297,500
less Accounts payable   1,092,500
Ending balance               $183,000
b) Taxes Receivable
Beginning balance           $189,500
Estimated Revenue        1,230,000
less Receipts:
Property taxes                  885,000
Other revenue                 297,500
Ending balance             $237,000
c) Accounts Payable
Beginning balance        $52,500
Other expenditure        963,500
Contracts                        95,250
Less payments           1,092,500
Ending balance              $18,750