The following is a pre-closing trial balance for Sun City's General Fund as of June 30, 2014
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The following is a pre-closing trial balance for Sun City's General Fund as of June 30, 2014
What is the fund balance as of June 30, 2014 after all closing entries have been made?
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Cash Taxes Receivable-Current Estimated Uncollectible Current Taxes Accounts Payable Due to Other Funds Tax Anticipation Notes Payable Encumbrances Outstanding Fund Balance-Unassigned Budgetary Fund Balance Estimated Revenues Revenues Appropriations Encumbrances Debits Credits $116,500 29,000 100,000 5,000 $3,000 7,800 5,500 50,000 5,000 70,200 1,000 102,000 99,000 Cash Taxes Receivable-Current Estimated Uncollectible Current Taxes Accounts Payable Due to Other Funds Tax Anticipation Notes Payable Encumbrances Outstanding Fund Balance-Unassigned Budgetary Fund Balance Estimated Revenues Revenues Appropriations Encumbrances Debits Credits $116,500 29,000 100,000 5,000 $3,000 7,800 5,500 50,000 5,000 70,200 1,000 102,000 99,000
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