Following is the preclosing trial balance for the General Fund of the City of Doyle. Required: Prepare
Question:
Following is the preclosing trial balance for the General Fund of the City of Doyle.
Required:
Prepare in general journal form the closing entries for the General Fund of Doyle City.
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Cash Certificates of Deposit Due from State Government Due from Other Funds Taxes Receivable Estimated Revenue Expenditures Encumbrances General Ledger Trial Balance December 31, 2021 Transfers to Other Funds Expenditures 2020 Estimated Uncollectible Taxes Vouchers Payable Doyle City The General Fund Due to Other Funds Fund Balance-Unassigned Fund Balance-Assigned (Note 1) Appropriations Revenue Transfers from Other Funds Note 1: Includes $50,000 of encumbrances from 2020. $ 400,000 350,000 112,000 30,000 774,000 3,110,000 1,960,000 734,000 90,000 55,000 $7,615,000 $ 30,000 64,000 27,000 760,000 784,000 2,700,000 3,210,000 40,000 $7,615,000
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