Question: Presented below is the adjusted trial balance for the General Fund of the Village at June 3 0 , 2 0 XX , the end

Presented below is the adjusted trial balance for the General Fund of the Village at June 30,20XX, the end of the fiscal year. Based on this information, prepare, in good form:
closing entries
the statement of revenues, expenditures, and changes in fund balance for the year
the balance sheet at June 30,20XX.(Classify the fund balance as Unassigned.)
Village of Palm Gardens
General Fund
Adjusted Trial Balance
June 30,20XX
Cash
$ 120,000
Taxes receivable
200,000
Investments
20,000
Vouchers payable
75,000
Tax anticipation notes payable
102,000
Unassigned fund balance
55,000
Estimated revenues
115,000
Appropriations
110,000
Budgetary fund balance
5,000
Revenues-taxes
120,000
Revenues-other
3,000
Expenditures-personal services
14,000
Expenditures-supplies
1,000
0
$ 470,000
$ 470,000

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