3.3. Government Financial Statements The unadjusted trial balance for the general fund of the City of Iola at June 30, 2011, is as follows:

Debits Cash $170,000 Due from agency fund 25,000 Encumbrances 120,000 Estimated revenues 800,000 Expenditures 610,000 Property taxes receivable 110,000

Credits Allowance for uncollectible taxes 8,000 Appropriations 790,000 Unreserved fund balance 30,000 Reserve for encumbrances 60,000 Revenues 840,000 Vouchers payable 107,000

Supplies on hand at June 30, 2011, totaled $8,000. The $120,000 encumbrance relates to equipment ordered but not received by fiscal year-end. Prepare a Balance Sheet for the general fund of the City of Iola at June 30, 2011. (10 points for correct BS (all or nothing); 5 points for formatting; 15 points total)