Please answer questions A & B and show work please.

Comprehensive General Fund-Entries and Statements The balance sheet of the general fund of the Quarryville School District at the end of fiscal 2022 is: Quarryville uses the GAAP budgetary basis for encumbrances and the consumption method for inventory. The fund balance-assigned balance consists of outstanding encumbrances. 1. The fiscal 2023 budget included $3,400,000 in expected revenue, all from property taxes, estimated other financing uses of $80,000, and appropriations of $3,310,000. The tax levy was for $4,000,000. 2. Tax collections during fiscal 2023 were as follows: 3. Of the fiscal 2023 taxes uncollected at year-end, 20 percent are considered uncollectible, and the rest are expected to be collected within 60 days of year-end. Remaining unpaid fiscal 2022 taxes are written off. 4. Old school desks were sold for $10,000 in cash. 5. New desks were purchased for $500,000 in cash. 6. Vandalism to the schools resulted in $20,000 of unexpected repair and cleanup costs, paid in cash. 7. Salary expenditures by the general fund were $2,500,000 in cash. 8. Supplies ordered in fiscal 2022 were received in fiscal 2023, and invoiced at the amount encumbered. In addition, supplies of $170,000 were purchased in fiscal 2023 . Supplies on hand at year-end totaled $125,000, per annual physical inventory. 9. Accounts payable of $25,000 were outstanding at the end of fiscal 2023 , and $50,000 was encumbered for goods ordered but not yet received. 10. Cash of $80,000 was paid to the enterprise fund, as the school district's support for its operating costs. Required a. Prepare all fiscal 2023 journal entries, including beginning-of-year adjustments and closing entries, for the school district's general fund. b. Prepare a fiscal 2023 statement of revenues, expenditures, and changes in fund balances and the June 30,2023 , balance sheet for the general fund. Comprehensive General Fund-Entries and Statements The balance sheet of the general fund of the Quarryville School District at the end of fiscal 2022 is: Quarryville uses the GAAP budgetary basis for encumbrances and the consumption method for inventory. The fund balance-assigned balance consists of outstanding encumbrances. 1. The fiscal 2023 budget included $3,400,000 in expected revenue, all from property taxes, estimated other financing uses of $80,000, and appropriations of $3,310,000. The tax levy was for $4,000,000. 2. Tax collections during fiscal 2023 were as follows: 3. Of the fiscal 2023 taxes uncollected at year-end, 20 percent are considered uncollectible, and the rest are expected to be collected within 60 days of year-end. Remaining unpaid fiscal 2022 taxes are written off. 4. Old school desks were sold for $10,000 in cash. 5. New desks were purchased for $500,000 in cash. 6. Vandalism to the schools resulted in $20,000 of unexpected repair and cleanup costs, paid in cash. 7. Salary expenditures by the general fund were $2,500,000 in cash. 8. Supplies ordered in fiscal 2022 were received in fiscal 2023, and invoiced at the amount encumbered. In addition, supplies of $170,000 were purchased in fiscal 2023 . Supplies on hand at year-end totaled $125,000, per annual physical inventory. 9. Accounts payable of $25,000 were outstanding at the end of fiscal 2023 , and $50,000 was encumbered for goods ordered but not yet received. 10. Cash of $80,000 was paid to the enterprise fund, as the school district's support for its operating costs. Required a. Prepare all fiscal 2023 journal entries, including beginning-of-year adjustments and closing entries, for the school district's general fund. b. Prepare a fiscal 2023 statement of revenues, expenditures, and changes in fund balances and the June 30,2023 , balance sheet for the general fund