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A pre-closing trial balance included the following account balances for Simpli City: Due from other funds $ 3,500 Fund balance - unassigned 14,000 Estimated revenues
A pre-closing trial balance included the following account balances for Simpli City:
Due from other funds $ 3,500
Fund balance - unassigned 14,000
Estimated revenues 20,000
Revenues 22,000
Appropriations 18,000
Expenditures - current year 19,000
Expenditures - prior year 1,500
Other Financing Source - Nonreciprocal transfer in 1,000
Required: Prepare the necessary closing entries for the General Fund.
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