The preclosing trial balance for the General Fund of the City of Springfield is presented below.

Required:
Prepare the closing entries for the GeneralFund.

Transcribed Image Text:

City of Springfield The General Fund General Ledger Trial Balance December 31, 2012 Cash Certificates of Deposit Property Taxes Receivable Estimated Revenue Expenditures Expenditures -2011 Encumbrances Estimated Uncollectible Taxes Vouchers Payable Unreserved Fund Balance Reserve for Encumbrances Reserve for Encumbrances-2011 90,000 120,000 175,000 1,690,000 1,310,000 2,000 165,000 S 51,000 65,000 41,000 165,000 35,000 1,550,000 1,675,000 $3,582,000 Appropriations Revenue $3.582.000