E 20-10 Preparation of a fund statement of revenues, expenditures, and changes in fund balance The trial balance of the general fund of Madelyn City before closing at December 31, 2013, contained the following accounts and balances:

Fund balance—unassigned $25,000 Estimated revenues 100,000 Appropriations 95,000 Encumbrances 4,000 Reserve for encumbrances 4,000 Reserve for encumbrances—prior year 5,000 Revenues 101,000 Expenditures 94,000 Expenditures—prior year 4,800 Nonreciprocal transfers out 18,000 Reciprocal transfers in 27,000 R E Q u I R E D : Prepare a statement of revenues, expenditures, and changes in (total) fund balance for Madelyn City’s general fund in 2013. (Details of revenue and expenditure accounts are omitted to simplify the requirement.)

Accounting for State and Local Governmental Units—Governmental Funds 703