2. Following is a trial balance of City of Smitbville's General Fund at December 31, 2013. Prepare: (a) closing entries; (b) a post-closing trial balance; (c) a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2013; and (d) a balance sheet at December 31, 2013 Debits $ 20,000 30,000 10,000 Credits Cash Property taxes receivable Due from other funds Vouchers payable Fund balance (unreserved), January 1, 2008 Revenues property taxes Revenues other Expenditures salaries Expenditures materials Transfer out to Debt Service Fund Encumbrances - materials Budgetary fund balance reserved for encumbrances Estimated revenues property taxes Estimated revenues other Appropriations - salaries Appropriations materials Appropriations transfer to Debt Service Fund Budgetary fund balance Totals 15,000 25,000 325,000 35,000 280,000 20,000 40,000 4,000 4,000 325,000 40,000 290,000 25,000 40,000 10,000 $769,000 $769.000 2. Following is a trial balance of City of Smitbville's General Fund at December 31, 2013. Prepare: (a) closing entries; (b) a post-closing trial balance; (c) a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2013; and (d) a balance sheet at December 31, 2013 Debits $ 20,000 30,000 10,000 Credits Cash Property taxes receivable Due from other funds Vouchers payable Fund balance (unreserved), January 1, 2008 Revenues property taxes Revenues other Expenditures salaries Expenditures materials Transfer out to Debt Service Fund Encumbrances - materials Budgetary fund balance reserved for encumbrances Estimated revenues property taxes Estimated revenues other Appropriations - salaries Appropriations materials Appropriations transfer to Debt Service Fund Budgetary fund balance Totals 15,000 25,000 325,000 35,000 280,000 20,000 40,000 4,000 4,000 325,000 40,000 290,000 25,000 40,000 10,000 $769,000 $769.000