1. Prepare and post the necessary closing entries for the Street and Highway Fund. Below are the journal entries. I am having trouble with what to close?

Estimated Revenues	1,070,000
Appropriations Control		1,065,000
Budgetary Fund Balance		5,000
Due from state government	1,085,000
Intergovernmental Revenue		1,085,000
Cash	990,000
Due from State		999,000
Encumbrance Street HighwayMaintenance	1,044,000
Budgetary F/B Reserve Encumbrances		1,044,000
Budgetary F/B Reserve Encumbrances	1,037,500
Encumbrances		1,037,500
Expenditures Street Highway	1,026,000
Accounts Payable		1,026,000
Cash	6,000
Revenues Interest on Investment		6,000
Accounts Payable	956,000
Cash		956,000
Budgetary Fund Balance	12,500
Appropriations Control		12,500

2. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balances for the Street and Highway Fund for the fiscal year ended December 31, 2014

Revenues

Intergovernmental Revenues

Interest on Investments

Total Revenues

Expenditures

Current:

Street & Highway Maintenance

Total Expenditures

Excess (Deficiency) of Revenues Over Expenditures

Fund Balance, January 1

Fund Balance, December 31