Closing entries The ledger of the General Fund of the City of New Lanier shows the following balances at the end of its fiscal year. Estimated revenues $600,000 Appropriations 610,000 Budgetary fund balance 10,000 Revenues 600,000 570,000 Expenditures Prepare closing journal entries for the budgetary and financial accounts. If an entry affects more than one debit or credit account, enter the accounts in order of magnitude (largest to smallest balances), debits first. Enter 0 or leave the field blank if no entry is required. Account Debit Credit 0 0 0 0 0 0 To close budgetary accounts. 0 0 0 0 0 0 To close financial accounts