Here is the December 31, 2014 pre-closing trial balance for the general fund of the City of Akron, Ohio. The city uses the GAAP budgetary basis for encumbrances, and $800 in encumbrances were outstanding at January 1, 2014.

Assigned fund balance consists of outstanding encumbrances.
Required
a. Prepare the budget entry that was made at January 1, 2014.
b. Calculate the balance in fund balance-unassigned on December 31, 2013.
c. Prepare the required closing entries at year-end.
d. Prepare the general fund statement of revenues, expenditures, and changes in fund balances for 2014.
e. Prepare the general fund balance sheet at December 31, 2014.

(in thousands) Debit Credit 5,000 . 14,000 63,000 Cash. Property taxes receivable..wwwwww.. Allowance for uncollectible property taxes -...... Due from special revenue fund.. Accounts payable, $27,000 9,000 33,200 7.600 500 23,000 Fund balance assigned c260,000 2,000 Estimated other financing sources.-^^^...* Appropriations...A Estimated other financing uses.. Revenues property taxes... Revenues-income taxes... Revenues-fines and licenses . . . . . . . . .. . . .. . . . Revenues-state grants.P. Encumbrances... 257,000 4,800 55,000 180,000 18,000 6,000 500 11,000 4,500 Capital outlay Proceeds from sale of capital assets.... Debt service principal .. 2,300 Debt service-interest..35,000 80,000 $614.400 Totals $614,400