Question: Saved Help Save & Exit Submit Debits $276,120 183,000 The City of Castleton's General Fund had the following post-closing trial balance at June 30,
Saved Help Save & Exit Submit Debits $276,120 183,000 The City of Castleton's General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year Cash Taxes Receivable-Delinquent Credits Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable $ 21,960 6,280 Allowance for Uncollectible Interest and Penalties 1,160 Inventory of Supplies 6,100 Vouchers Payable 48,500 Due to Federal Government 29,490 Deferred Inflows of Resources-Unavailable Revenues 166,160 Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned 6,100 198,130 $471,500 $471,500 Check my work a. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2020. b. Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only. Do not close the governmental activities accounts. c. Prepare a General Fund balance sheet as of June 30, 2020
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