Preparing financial statements from a trial balance Following is the preclosing trial balance of The Village of Sommerville at the end of fiscal 2018. Assume that at the beginning of the ear no encumbrances were outstandin llage of Sommerville General Fund Preclosing Trial Balance November 30, 2018 26,940 60,000 42,630 as Marketable securities Property taxes receivable Allowance for uncollectible property taxes Sales taxes receivable Due from state government Supplies inventory Vouchers payable Due to other funds Advances from other funds Encumbrances--contractual services Nonspendable Fund balance (reserved for supplies inventory) Unassigned fund balance Budgetary fund balance reserved for encumbrances Budgetary fund balance Estimated revenues--property taxes Estimated revenues--sales taxes Estimated revenues--charges for services Estimated revenues--fines and forfeits Estimated revenues-federal grants Estimated transfer in from Enterprise Fund Appropriations-salaries Appropriations-contractual services Appropriations-materials and supplies Appropriations--capital equipment Appropriations-transfer out to Debt Service Fund Revenues-property taxes Revenues--sales taxes Revenues-charges for services Revenues-fines and forfeits Revenues-federal grants Transfer in from Enterprise Fund Expenditures--salaries Expenditures--contractual services Expenditures--materials and supplies Expenditures--capital equipment Transfer out to Debt Service Fund $ 21,600 10,200 19,200 8,400 14,730 16,080 42,000 12,000 8,400 5,200 12,000 25,800 150,000 87,600 16,800 10,200 12,000 36,000 128,400 32,400 18,000 84,000 24,000 141,000 88,320 14,880 10,680 12,000 42,000 126,240 18,000 18,360 82,920 24,000 4 4