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The preclosing trial balance at December 31, 20X1, for Lone Wolf's general fund follows. Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrances Required: o. Prepare the closing entries for the general fund. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Note: Follow the same sequence shown in the problem statement to select the appropriate answers. Amounts to be deducted should be indicated with minus sign