Prepare Closing Journal Entry, and prepare post -closing Trail Balance, prepare a statement of revenues, expenditures, and changes in fund balance.
	Town of Youngersville
	Adjusted Trial Balance
	December 31, 2019
	Cash			$ 20,000
	Property taxes receivable			$ 30,000
	Due from other funds			$ 10,000
	Vouchers payable					$ 15,000
	Unassigned fund balance, January 1, 2019					$ 25,000
	Revenues property taxes					$ 325,000
	Revenues other					$ 35,000
	Expenditures salaries			$ 280,000
	Expenditures materials			$ 20,000
	Transfer out to Debt Service Fund			$ 40,000
	Encumbrances materials			$ 4,000
	Budgetary fund balance reserved for encumbrances					$ 4,000
	Estimated revenues--property taxes			$ 325,000
	Estimated revenues other			$ 40,000
	Appropriations salaries					$ 290,000
	Appropriations materials					$ 25,000
	Appropriations transfer out to Debt Service Fund					$ 40,000
	Budgetary fund balance					$ 10,000
	Totals			$ 769,000		$ 769,000