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please help The following account balances, among others, were included in the preclosing trial balance of the General Fund of the City of Madison on
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The following account balances, among others, were included in the preclosing trial balance of the General Fund of the City of Madison on December 31, 2021. Appropriations $3550000 Cash 265000 Due to Other Funds 545000 Due from Other Funds 300,000 Encumbrances $320000 Estimated Revenue 3,712,000 Expenditures 3,020,000 Expenditures-2020 296,000 Fund Balance-Assigned (Encumbrances) 692,000* Revenue 3,656.000 Taxes Receivable 600,000 Transfers from Other Funds 300,000 Transfers to Other Funds 545,000 Fund Balance-Unassigned 362,000 Vouchers Payable 400,000 * $310,000 are for encumbrances from 2020 Using the entries above prepare the following: Part B- Prepare the balance sheet for 12/31/21 Part C- Prepare the statement of revenues expenditures and changes in fund balance for 12/31/21Step by Step Solution
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