dalaice it December 31, 2013 Summary Problem-Complete Accounting Cycle of General Fund Following is the postclosing trial balance of the General Fund of Leisure City h at December 31, 2012 Debits Credits Cash Property taxes receivable--delinquent Due from state government Supplies and materials Salaries payable Deferred revenues-property taxes Nonspendable fund balance Assigned fund balance Unassigned fund balance $300,000 50,000 80,000 30,000 S 25,000 20,000 30.000 15,000 370,000 $460,000 $460,000 The following additional information is provided regarding the city's accounting policies and other matters: 1. Only items charged to the appropriation "Supplies and materials-other programs" are encumbered. Encumbrances lapse if they are outstanding at the close of a fiscal year. They are. dalaice it December 31, 2013 Summary Problem-Complete Accounting Cycle of General Fund Following is the postclosing trial balance of the General Fund of Leisure City h at December 31, 2012 Debits Credits Cash Property taxes receivable--delinquent Due from state government Supplies and materials Salaries payable Deferred revenues-property taxes Nonspendable fund balance Assigned fund balance Unassigned fund balance $300,000 50,000 80,000 30,000 S 25,000 20,000 30.000 15,000 370,000 $460,000 $460,000 The following additional information is provided regarding the city's accounting policies and other matters: 1. Only items charged to the appropriation "Supplies and materials-other programs" are encumbered. Encumbrances lapse if they are outstanding at the close of a fiscal year. They are