P5-12 (preparing i) Journal Entriesii) Activity Statementiii) Balance Sheetiv) Budgetary Comparison Schedule from a trial balance) Following is the pre closing trial balance of Prairie City at the end of fiscal 2009. Assume that at the beginning of the year no encumbrances were outstanding, that the reserve for supplies inventory amounted to $4,000, and that the Unreserved fund balance was $21,000.

Prairie City General Fund Preclosing Trial Balance December 31, 2009

Debit Credit

Cash - Dr $ 22,450 Marketable securities - Dr 50,000 Property taxes receivable - Dr 35,525 Allowance for uncollectible property taxes - Cr $18,000 Sales taxes receivable - Dr 8,500 Due from state government - Dr 16,000 Supplies inventory- Dr 7,000 Vouchers payable - Cr 12,275 Due to other funds - Cr 13400 Advances from other funds - Cr 35000 Encumbrances-contractual services - Dr 10000 Funds balance reserved for supplies inventory - Cr 7000 Unreserved fund balance - Cr 21000 Budgetary fund balance reserved for encumbrances - Cr 10000 Budgetary fund balance - Cr 21500 Estimated revenues-property taxes - Dr 125000 Estimated revenues-sales taxes - Dr 73000 Estimated revenues-charges for services - Dr 14000 Estimated revenues- fines and forfeits - Dr 8500 Estimated revenues- federal grants - Dr 10000 Estimated transfer in from enterprise fund - Dr 30000 Appropriation-salaries - Cr 107000 Appropriation-contractual services - Cr 27000 Appropriation-materials and supplies - Cr 15000 Appropriation-capital equipment - Cr 70000 Appropriation-transfer out to debt service fund - Cr 20000 Revenues-property taxes - Cr 117500 Revenues-sales taxes - Cr 73600 Revenues- charge of services - Cr 12400 Revenues-fines and forfeits - Cr 8900 Revenues-federal grants - Cr 10000 Transfer in from enterprise fund - Cr 35000 Expenditures-salaries - Dr 105200 Expenditures-contractual services - Dr 15000 Expenditures-materials and supplies - Dr 15300 Expenditures-capital equipment - Dr 69100 Transfer out to debt services fund - Dr 20000 Total : Dr $634,575 Cr$ 634,575