Below you will find a preclosing trial balance for the City of Carsonville's General Fund (for the year ended December 31, 2016). 000s have been omitted.

Fund Balance		120
Appropriations		2,100
Expenditures	1,950
Encumbrances	40
Budgetary FB – Reserve for Encumbrances		40
Estimated Revenues	3,050
Revenues		3,025
Estimated Other Financing Sources	200
Other Financing Sources		210
Budgetary Fund Balance		1,150
Current Assets	1,555
Current Liabilities		150
Total	6,795	6,795

Requirements:

1. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the City of Carsonville's General Fund on a budget to actual basis for the year ended 12/31/16.

Additional Information:

The above budgeted amounts represent the final budget for the year. On October 1, 2016 the city approved an increased in budgeted revenues of: $20 and a decrease in appropriations of: $10. This change is reflected in the above amounts. Use this data to calculate the original budgetary amounts for your statement.

2. Prepare a balance sheet for the General Fund at 12/31/2016.
3. Prepare closing entries based on the above information.
4. Post a "Fund Balance" T-account. Make sure it ties out to the balance sheet above.