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Need help with the t accounts for the fund balance preclosing and closing. No Transaction General Journal Debit Credit 1 0 1 Estimated Revenues Control

Need help with the t accounts for the fund balance preclosing and closing. No Transaction General Journal Debit Credit
101 Estimated Revenues Control 11,150,000
Appropriations Control 9,380,000
Estimated Other Financing Uses Control 1,700,000
202 Encumbrances Control 19,000
Budgetary Fund BalanceReserve for Encumbrances 19,000
303 Deferred InflowsProperty Taxes 21,000
Revenues Control 21,000
404 Taxes ReceivableCurrent 7,000,000
Estimated Uncollectible Taxes 157,500
Revenues Control 6,842,500
505 Cash 500,000
Tax Anticipation Notes Payable 500,000
66a Budgetary Fund BalanceReserve for Encumbrances 19,000
Encumbrances Control 19,000
76b Expenditures Control 18,700
Accounts Payable 18,700
807 Accounts Payable 117,700
Due to Other Funds 27,000
Cash 144,700
908 Cash 10,805,500
Taxes Receivable(Prior year)158,000
Interest and Penalties Receivable 3,500
Taxes ReceivableCurrent 6,400,000
Due from State Government 204,000
Revenues Control 4,040,000
1009 Encumbrances Control 3,465,000
Budgetary Fund BalanceReserve for Encumbrances 3,465,000
1110 Expenditures Control 5,110,000
Due to Federal Government 888,915
Cash 4,221,085
1211 Expenditures Control 418,915
Due to State Government 28,000
Due to Federal Government 390,915
1312a Budgetary Fund BalanceReserve for Encumbrances 3,407,000
Encumbrances Control 3,407,000
1412b Expenditures Control 3,375,300
Accounts Payable 3,375,300
1513 Tax Anticipation Notes Payable 500,000
Expenditures Control 18,000
Cash 518,000
1614 Due from State Government 332,000
Revenues Control 332,000
1715a Expenditures Control 350,200
Due to Other Funds 350,200
1815b Due to Other Funds 310,000
Cash 310,000
1916 Due from State Government 48,000
Revenues Control 48,000
2017 Accounts Payable 3,175,000
Due to State Government 28,000
Due to Federal Government 1,279,830
Other Financing UsesControl 1,662,000
Cash 6,144,830
2118 Estimated Revenues Control 73,000
Budgetary Fund Balance 36,000
Appropriations Control 109,000
2219a Estimated Uncollectible Taxes 51,000
Taxes ReceivableCurrent 51,000
2319b Estimated Uncollectible Interest & Penalties 1,600
Interest and Penalties Receivable 1,600
2420 Interest and Penalties Receivable 17,200
Estimated Uncollectible Interest & Penalties 1,100
Revenues Control 16,100
2521 Revenues Control 17,500
Deferred InflowsProperty Taxes 17,500 The Balance Sheet of the General Fund of the City of Monroe as of December 31,2019, follow.
CITY OF MONROE
General Fund Balance Sheet
As of December 31,2019
Assets
Cash $ 503,000
Taxes receivable $ 210,000
Less: Estimated uncollectible taxes (37,000)
Net 173,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
Net 4,250
Due from state government 204,000
Total assets $ 884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows Property taxes 21,000
Fund equity:
Fund balanceassigned
(for outstanding encumbrances) $ 19,000
Fund balanceunassigned 718,250
Total fund balance 737,250
Total liabilities, deferred inflows, and fund equity $ 884,250

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