ControlExercise $4-27($Static$)$ Operating Transactions and Financial Statements $[$LO $4-1,4-2,4-3]$

The City of Castleton$$s General Fund had the following post$-$closing trial balance at June $30,2022,$ the end of its fiscal year:

Debits Credits

Cash $ $265,120$

Sales Taxes Receivable $11,000$

Taxes Receivable$$Delinquent $183,000$

Allowance for Uncollectible Delinquent Taxes $ $21,960$

Interest and Penalties Receivable $6,280$

Allowance for Uncollectible Interest and Penalties $1,160$

Inventory of Supplies $6,100$

Vouchers Payable $48,500$

Due to Federal Government $29,490$

Deferred Inflows of Resources$$Unavailable Revenues $166,160$

Fund Balance$$Nonspendable$$Inventory of Supplies $6,100$

Fund Balance$$Unassigned $198,130$

$ $471,500$ $ $471,500$

Record the effect of the following transactions on the General Fund and governmental activities for the year ended June $30,2023.$

Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only.

Prepare a General Fund balance sheet as of June $30,2023.$

Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June $30,2023.$