Need help with the t accounts for the fund balance preclosing and closing. No Transaction General Journal Debit Credit

$101$ Estimated Revenues Control $11,150,000$

Appropriations Control $9,380,000$

Estimated Other Financing Uses Control $1,700,000$

$202$ Encumbrances Control $19,000$

Budgetary Fund Balance$$Reserve for Encumbrances $19,000$

$303$ Deferred Inflows$$Property Taxes $21,000$

Revenues Control $21,000$

$404$ Taxes Receivable$$Current $7,000,000$

Estimated Uncollectible Taxes $157,500$

Revenues Control $6,842,500$

$505$ Cash $500,000$

Tax Anticipation Notes Payable $500,000$

$66$a Budgetary Fund Balance$$Reserve for Encumbrances $19,000$

Encumbrances Control $19,000$

$76$b Expenditures Control $18,700$

Accounts Payable $18,700$

$807$ Accounts Payable $117,700$

Due to Other Funds $27,000$

Cash $144,700$

$908$ Cash $10,805,500$

Taxes Receivable$($Prior year$)158,000$

Interest and Penalties Receivable $3,500$

Taxes Receivable$$Current $6,400,000$

Due from State Government $204,000$

Revenues Control $4,040,000$

$1009$ Encumbrances Control $3,465,000$

Budgetary Fund Balance$$Reserve for Encumbrances $3,465,000$

$1110$ Expenditures Control $5,110,000$

Due to Federal Government $888,915$

Cash $4,221,085$

$1211$ Expenditures Control $418,915$

Due to State Government $28,000$

Due to Federal Government $390,915$

$1312$a Budgetary Fund Balance$$Reserve for Encumbrances $3,407,000$

Encumbrances Control $3,407,000$

$1412$b Expenditures Control $3,375,300$

Accounts Payable $3,375,300$

$1513$ Tax Anticipation Notes Payable $500,000$

Expenditures Control $18,000$

Cash $518,000$

$1614$ Due from State Government $332,000$

Revenues Control $332,000$

$1715$a Expenditures Control $350,200$

Due to Other Funds $350,200$

$1815$b Due to Other Funds $310,000$

Cash $310,000$

$1916$ Due from State Government $48,000$

Revenues Control $48,000$

$2017$ Accounts Payable $3,175,000$

Due to State Government $28,000$

Due to Federal Government $1,279,830$

Other Financing Uses$$Control $1,662,000$

Cash $6,144,830$

$2118$ Estimated Revenues Control $73,000$

Budgetary Fund Balance $36,000$

Appropriations Control $109,000$

$2219$a Estimated Uncollectible Taxes $51,000$

Taxes Receivable$$Current $51,000$

$2319$b Estimated Uncollectible Interest & Penalties $1,600$

Interest and Penalties Receivable $1,600$

$2420$ Interest and Penalties Receivable $17,200$

Estimated Uncollectible Interest & Penalties $1,100$

Revenues Control $16,100$

$2521$ Revenues Control $17,500$

Deferred Inflows$$Property Taxes $17,500$ The Balance Sheet of the General Fund of the City of Monroe as of December $31,2019,$ follow.

CITY OF MONROE

General Fund Balance Sheet

As of December $31,2019$

Assets

Cash $ $503,000$

Taxes receivable $ $210,000$

Less: Estimated uncollectible taxes $(37,000)$

Net $173,000$

Interest and penalties receivable on taxes $5,200$

Less: Estimated uncollectible interest and penalties $(950)$

Net $4,250$

Due from state government $204,000$

Total assets $ $884,250$

Liabilities, Deferred Inflows, and Fund Equity

Liabilities:

Accounts payable $ $99,000$

Due to other funds $27,000$

Total liabilities $126,000$

Deferred inflows $$ Property taxes $21,000$

Fund equity:

Fund balance$$assigned

$($for outstanding encumbrances$)$ $ $19,000$

Fund balance$$unassigned $718,250$

Total fund balance $737,250$

Total liabilities, deferred inflows, and fund equity $ $884,250$