A pre-closing trial balance included the following account balances for Simpli City: Due from other funds $

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A pre-closing trial balance included the following account balances for Simpli City:

Due from other funds $ 3,500

Fund balance - unassigned 14,000

Estimated revenues 20,000

Revenues 22,000

Appropriations 18,000

Expenditures - current year 19,000

Expenditures - prior year 1,500

Other Financing Source - Nonreciprocal transfer in 1,000

Required:

Prepare the necessary closing entries for the General Fund.

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Jan 16, 2021 10:02 PM

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A pre-closing trial balance included the following account balances for Simpli City: Due from other funds $

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Using Financial Accounting Information The Alternative to Debits and Credits

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