16-11 40. The following unadjusted trial balances are for the governmental funds of the City of Copeland. General Fund Cash Taxes Receivable Allowance for Uncollectible Taxes Vouchers Payable Due to Debt Service Fund Unavailable Revenues Encumbrances Outstanding Fund Balance-Unassigned Revenues Expenditures Page 787 Debit $ 19,000 Credit . 202,000 $ 2,000 24,000 10,000 16,000 9,000 103,000 176,000 110,000 Encumbrances Estimated Revenues 9,000 190,000 Appropriations. 171,000 Budgetary Fund Balance 19,000 Totals $530,000 $530,000 Debt Service Fund Cash Investments Taxes Receivable Due from General Fund Fund Balance-Committed Revenues Other Financing Sources-Operating Transfers In Expenditures Totals Debit $ 8,000 51,000 Credit 11,000 10,000 $ 45,000 20,000 90,000 75,000 $155,000 $155,000 Capital Projects Fund Cash Special Assessments Receivable Contracts Payable Unavailable Revenues Encumbrances Outstanding Fund Balance-Unassigned Other Financing Sources Expenditures Encumbrances Estimated Other Financing Sources Appropriations Totals Debit Credit $ 70,000 90,000 $ 50.000 90,000 16,000 -0- 150,000 130,000 16,000 150,000 150,000 $456,000 $456,000 $456,000 $456,000 Special Revenue Fund Cash Debit Credit Taxes Receivable Inventory of Supplies Vouchers Payable Grant Revenues Collected in Advance Fund Balance-Nonspendable Encumbrances Outstanding Fund Balance-Unassigned $ 14,000 41,000 4,000 $ 25,000 3,000 4,000 3,000 19,000 Revenues Expenditures Encumbrances 56,000 48,000 3,000 Estimated Revenues. 75,000 Appropriations 60,000 Budgetary Fund Balance 15,000 Totals $185,000 $185,000 Based on the information presented for your note. I am attaching the balance sheet we prepared for problem 16-43 so you can review what a balance sheet looks like. You can see that there is a section for assets, a section for liabilities and a section for fund balance. Your balance sheets have all these items mixed together with some extra items that do not belong on a balance sheet. It looks as if the closing process was not completed correctly. You start with the trial balances as given in problem 16-40. First, any budgetary accounts would be removed. You can review how to enter and remove the budget in problem 16-32 and at item 16,030 in the online version of the course. Then, encumbrances would be removed. You can review how to enter and remove encumbrances in problem 16-33 which can be found at item 16_050 in the online version of the course. Then, the temporary accounts would be closed and the total fund balance amount increased by revenues and other financing sources and decreased by expenditures and other financing uses. You can use a worksheet like the one you prepared for SP1 to do this part. Then, when you have the correct amounts for the balance sheets you can write up the balance sheets for the four funds in good form