Post the entries to the City Jail Debt Service Fund ledger $($t$-$accounts$).$

Prepare and post an entry closing all nominal accounts to Fund Balance. Assume any remaining net resources are classified as und Balance $-$ Restricted for Debt Service.

$-$C$.$ Part $4.$ Governmental Funds Financial Stateme$$rts

equired:

Prepare a Balance Sheet for the governmental funds for the City of Monroe as of December $31,2020.$ Include the General Fund, the Street and Highway Fund $($P$4-$C$),$ the City Hall Debt Service Fund, and the City Jail Debt Service Fund. Use the balances computed in $4-$C for the General Fund and special revenue fund portions of this statement.

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balances for the governmental funds for the City of Monros for the Year Ended December $31,2020.$ Include the same funds as listed in requirement a plus the City Jail Construction Fund.

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