General fund balance sheets for the City of Golden, Colorado, appear as follows:

All numbers below are in thousands. Assigned fund balance consists of outstanding encumbrances. The following budget entry was made on July 1, 2013:

Bills for the June 30, 2013, encumbrances were $1,000 less than the amount encumbered. Actual revenues were $16,000 less than budgeted. The legal budgetary basis is used for outstanding encumbrances. Investments were liquidated at book value.
Required
Reconstruct the journal entries, including closing entries, for the year ended June 30, 2014, for Golden-general fund.

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CITY OF GOLDEN General Fund Balance Sheets at June 30 in thousands) 2014 2013 Assets Cash. ...31,000 Investments Due from state government.. Due from federal government... Totalsc Liabilities and fund balances Accounts payable Fund balance assigned. .**..- ^^^.. Fund balance-unassigned.. Totals.$110,000 53,000 105,000 $170,000 MREN30,000 49,000 $110,000 32,000 42,000 8,000 120,000 ..$ 78,000 $170,000 Estimated revenues...APRO Fund balance-unassignedTR 65,000 30,000 Appropriations To record budget for fiscal 2014. 95,000