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Accounting Cycle Project - Chapter 9 Following is the trial balance of City of Kendall Green's General Fund at December 31, 2019. Using MS-Excel, prepare well-formatted worksheets as follows: (a) closing entries (b) a post-closing trial balance. (c) a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019 (d) a balance sheet at December 31, 2019. Debits Credits Cash $ 20,000 Property taxes receivable 30,000 Due from other funds 10,000 Vouchers payable $ 15,000 Unassigned fund balance, January 1, 2019 25,000 Revenuesproperty taxes 325,000 Revenuesother 35,000 Expendituressalaries 280,000 Expenditures-materials 20,000 Transfer out to Debt Service Fund 40,000 Encumbrancesmaterials 4,000 Budgetary fund balance reserved for encumbrances 4,000 Estimated revenues--property taxes 325,000 Estimated revenuesother 40,000 Appropriationssalaries 290,000 Appropriationsmaterials 25,000 Appropriationstransfer out to Debt Service Fund 40,000 Budgetary fund balance 10,000 Totals $769,000 $769,000 Accounting Cycle Project - Chapter 9 Following is the trial balance of City of Kendall Green's General Fund at December 31, 2019. Using MS-Excel, prepare well-formatted worksheets as follows: (a) closing entries (b) a post-closing trial balance. (c) a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019 (d) a balance sheet at December 31, 2019. Debits Credits Cash $ 20,000 Property taxes receivable 30,000 Due from other funds 10,000 Vouchers payable $ 15,000 Unassigned fund balance, January 1, 2019 25,000 Revenuesproperty taxes 325,000 Revenuesother 35,000 Expendituressalaries 280,000 Expenditures-materials 20,000 Transfer out to Debt Service Fund 40,000 Encumbrancesmaterials 4,000 Budgetary fund balance reserved for encumbrances 4,000 Estimated revenues--property taxes 325,000 Estimated revenuesother 40,000 Appropriationssalaries 290,000 Appropriationsmaterials 25,000 Appropriationstransfer out to Debt Service Fund 40,000 Budgetary fund balance 10,000 Totals $769,000 $769,000