Prepare entries for

GENERAL FUND

City of Only General Fund Balance Sheet June 30, 2017 Assets Cash $ 33,785 Taxes Receivable -- Delinquent $ 25,000 Less: Allowance for Uncollectible Taxes -- Delinquent 3,000 22,000 Supplies Inventory 7,000 Total Assets $ 62,785 Liabilities, Deferred Inflows of Resources, and Fund Balance Liabilities Accounts Payable $ 3,500 Salaries Payable 1,000 Total Liabilities $ 4,500 15,000 Deferred Inflows of Resources -- Deferred Revenues Fund Balance Nonspendable Committed* Unassigned Total Fund Balance 7,000 3,000 33,285 43,285 $ 62,785 Total Liabilities, Deferred Inflows of Resources, and Fund Balance *The government had a $3,000 outstanding order for supplies. This order will be honored in the next fiscal year.