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General Fund Entries and Finandal Statements fund. The following information is avallable for the year ended September 30, 2023: 1. Following is the general fund

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General Fund Entries and Finandal Statements fund. The following information is avallable for the year ended September 30, 2023: 1. Following is the general fund trial balance on October 1, 2022: 2. The budget for fiscal 2023 , adopted by the town board, follows: 3. All property taxes were collected in cash. Waste management costs, all paid in cash, were $4,290,000. Court costs, all pald in cash, were $920,000. the exception of $320,000, which were malled to customers the last week of the nscal year. the investments mature. No investments matured in fiscal 2023. 6. Miscellaneous expenditures, all paid in cach, were $160,000 7. Waste management supplies on hand at year-end were $285,000. The town uses the consumption method to report supplies. For all numerical answers, enter all seros-do not abbreviate to millions or thousands. a. Prepare fiscal 2023 journal entries to record the above events and to close the books for the year. To adfust the nonspendable fund balance. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|l|}{ Closing entries: } \\ \hline Tax revenues & & 0 & 0 \\ \hline Waste management revenues & & 0 & 0 \\ \hline court fines & & 0 & 0 \\ \hline \multirow[t]{3}{*}{ tinterest revenue } & & 0 & 0 \\ \hline & & 0 & 0 \\ \hline & & 0 & 0 \\ \hline \multicolumn{4}{|l|}{ To close revenues to fund balance. } \\ \hline & \& & 0 & 0 \\ \hline Waste management expenditures & & 0 & 0 \\ \hline Court expenditures & & 0 & 0 \\ \hline Salaries and operating oppendivures & & 0 & 0 \\ \hline Miscellaneous expenditures & & 0 & 0 \\ \hline \multirow[t]{2}{*}{ Supplies expenditures } & & 0 & 0 \\ \hline & & 0 & 0 \\ \hline To dose expenctures to fund balance. & & & \\ \hline \end{tabular} b. Prepare a statement of revenues, expenditures, and changes in fund balances for fiscal 2023, and the balance sheet at September 30 , 2023, for Jones Falls' general fund. Use a negative sign with your answer for excess of revenues over (under) expenditures, If "under" applles. Otherwise, do not use negative signs with your answers. riease ariswer all parts on une

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