The General Fund trial balance of the City of Cordes as of January 1, 2012, was as follows:

The following data pertain to General Fund operations for the City of Cordes for the fiscal year ended December 31, 2012:
1. Budget adopted:

2. Encumbrances outstanding at the end of 2011 were re-established.
3. Property taxes of $430,000 were levied. Two percent of the tax levy is expected to be uncollectible.
4. Purchase orders issued in 2012:
Public Safety ..... $152,000
General Government .. 80,000
Culture and Recreation . 54,000
$286,000
5. Cash collections and transfers:
Delinquent Taxes .... $ 39,200
Current Taxes ....... 368,000
Fines, Forfeits, and Penalties . 154,000
Miscellaneous Revenues .... 20,000
Transfers In ......... 18,000
$599,200
6. Purchase orders issued in 2012 were filled in the following amounts:

7. Purchase orders issued in 2011 in the following amounts were filled in 2012:
Estimated Actual
Public Safety $8,500 $8,400
8. Additional accounts payable for salaries and wages (not encumbered):
Public Safety ........ $230,000
General Government ...... 37,000
$267,000
9. Accounts paid amounted to $570,000; the transfer out, $30,000, was made in cash.
10. Reclassify Taxes Receivable€”Current and Estimated Uncollectible Taxes€”Current as delinquent.
Required:
a. Prepare journal entries to record the effects of the foregoing data. Omit explanations and subsidiary accounts.
b. Prepare closing entries.
c. Prepare for the General Fund of the City of Cordes
(1) A Statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended December 31, 2012.
(2) A Balance Sheet as of December 31, 2012, assuming there are no restricted or committed net resources and the only assigned net resources are the outstandingencumbrances.

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Debits $20,000 77,200 Credits Cash Taxes Receivable-Delinquent Estimated Uncollectible Taxes-Delinquent Accounts Payable Budgetary Fund Balance-Reserve for Encumbrances Fund Balance $9,200 16,000 8,500 63,500 $97,200 $97,200 Revenues Property Taxes Fines, Forfeits, and Penalties Miscellaneous Revenues $420,800 160,000 20,000 $600,800 Expenditures and Other Financing Uses: Public Safety General Government Culture and Recreation Transfers Out $390,000 120,000 54,000 30,000 $594,000 Public Safety General Government Culture and Recreatiorn Estimated $149,000 80,000 54,000 $283,000 Actual $148,400 80,000 54,000 $282,400