EXERCISE 17-4 General Fund Closing Entries LO 8 Following is the preclosing trial balance for the General Fund of the City of Doyle. Doyle City The General Fund General Ledger Trial Balance December 31, 2021 Cash $ 400.000 Certificates of Deposit 350,000 Due from State Government 112,000 Due from Other Funds 30,000 Taxes Receivable 774,000 Estimated Revenue 3,110,000 Expenditures 1,960,000 Encumbrances 734,000 Transfers to Other Funds 90.000 Expenditures-2020 55,000 Estimated Uncollectible Taxes Vouchers Payable Due to Other Funds Fund Balance-Unassigned Fund Balance-Assigned (Note 1) Appropriations Revenue Transfers from Other Funds $7,615,000 Note 1: Includes $50,000 of encumbrances from 2020. $ 30,000 64,000 27,000 760,000 784,000 2,700,000 3,210,000 40,000 $7,615,000 Required: Prepare in general journal form the closing entries for the General Fund of Doyle City