EXERCISE 17-5 General Fund Closing Entries 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, 2009 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 Expenditures2015 55,000 Estimated Uncollectible Taxes 30,000 Vouchers Payable 64,000 Due to Other Funds 27,000 Fund Balance Unassigned 760,000 Fund Balance Assigned 734,000 Reserve for Encumbrances 2015 50,000 Appropriations 2,700,000 Revenue 3,210,000 Transfers from Other Funds 40,000 Required: Prepare in general journal form the closing entries for the General Fund of Doyle City