Government & Nonprofit Accounting - Based on the provided information:

1. Prepare journal entries to record the effects of the foregoing data. Omit explanations and subsidiary accounts.

2. Prepare closing entries.

The following data pertain to General Fund operations for the City of Cordes for the fiscal year ended December 31,2012 : 1. Budget adopted: 9. Accounts paid amounted to $570,000; the transfer out $30,000 was made in cash. 10. Reclassify "Taxes Receivable-Current" as "Taxes Receivable- Delinquent", and reclassify "Estimated Uncollectible TaxesCurrent" as "Estimated Uncollectible Taxes-Delinquent