Cash payments for general government and human services activities were $234,000 and $400,000 respectively. At the end of the year, the accounts payable balance was $15,000 and inventories totaled $18,000. Accounts payable and inventories relate only to general government activities. Inventories costing $6,000, relating to encumbrances outstanding at the beginning of the year were recerved during 2014. $4,000 in inventory purchase orders were outstanding at the end of the year.

beginning balance in inventories $15000 debit

beginning balance in account payable $30,000 credit

1) Prepare the 2014 journal entries to record the events in the general fund and to close the books