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, 2016 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-2015 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 (Note 1) 784.000 Appropriations 2,700,000 Revenue 3,210,000 Transfers from Other Funds 40,000 $7,615,000 $7,615,000 Note 1: Includes $50,000 of encumbrances from 2015. Required: Prepare in general journal form the closing entries for the General Fund of Doyle City