A pre-closing trial balance included the following account balances for Simpli City: Due from other funds $
Question:
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.
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton