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please help me figure out the unassigned in part b! show work please!! and correct answer! please! The preclosing trial balance at December 31,201, for
please help me figure out the "unassigned" in part b! show work please!! and correct answer! please!
The preclosing trial balance at December 31,201, for Lone Wolf's general fund follows. Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrance Required: o. Prepare the closing entries for the general fund Note: If no entry is required for o transaction/event, select "No journal entry required " in the first account field. b. Prepare a general fund-only balance sheet at December 31,201. Note: Follow the some sequence shown in the problem statement to select the appropriate answers. Amounts to be deducted should be indicated with minus sign. Answer is complete but not entirely correct. Required: a. Prepare the closing entries for the general fund. Note: If no entry is required for o transaction/event, select "No journal entry required" in the first account field. b. Prepare a general fund-only balance sheet at December 31,201 Note: Follow the same sequence shown in the problem stotement to select the oppropriate onswers. Amounts to be deducted Step by Step Solution
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