Please answer all of them.
Below you will find a preclosing trial balance for the City of Smithville's General Fund (for the year ending Dec. 31, 2010). 000's have been omitted 120 2,100 Fund Balance Appropriations Expenditure Encumbrances Budgetary FB-Reserve for Encumbrances Estimated Revenues Revenues Estimated Other Financing Sources Other Financing Sources Budgetary FB Current Assets Current Liabilities 1.950 40 3,050 200 40 3,025 210 1,150 150 6,795 1,555 Total 6,795 Requirements Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the City of Smithville's General Fund on a budget to actual basis for the year ended 12/31/10 1. Additional information: The above budgeted amounts represent the final budget for the year. On October 1, 2010 the city council approved an increase in budgeted revenues of $20 and a decrease in appropriations of $10. This change is reflected in the above amounts. Use this data to calculate the original budgetary amounts for your statement. 2. Prepare a balance sheet for the General Fund at 12/31/10 3. Prepare closing entries based on the above information. 4. Post a "Fund Balance" T-account. Make sure it ties out to the balance sheet above. Below you will find a preclosing trial balance for the City of Smithville's General Fund (for the year ending Dec. 31, 2010). 000's have been omitted 120 2,100 Fund Balance Appropriations Expenditure Encumbrances Budgetary FB-Reserve for Encumbrances Estimated Revenues Revenues Estimated Other Financing Sources Other Financing Sources Budgetary FB Current Assets Current Liabilities 1.950 40 3,050 200 40 3,025 210 1,150 150 6,795 1,555 Total 6,795 Requirements Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the City of Smithville's General Fund on a budget to actual basis for the year ended 12/31/10 1. Additional information: The above budgeted amounts represent the final budget for the year. On October 1, 2010 the city council approved an increase in budgeted revenues of $20 and a decrease in appropriations of $10. This change is reflected in the above amounts. Use this data to calculate the original budgetary amounts for your statement. 2. Prepare a balance sheet for the General Fund at 12/31/10 3. Prepare closing entries based on the above information. 4. Post a "Fund Balance" T-account. Make sure it ties out to the balance sheet above