Property tax revenue is 47,489

Complete this closing entry worksheet Revenue the budget entry Close rev & expenditures (also OFS & OFU) Reclassify $XX from unassigned to committed/assigned and/or reserved as needed This city honors its commitments, so do not close the encumbrance account. Make the required closing entries directly onto the worksheet and then complete the post-closing initial balance columns. Use reference marks for your entries (C1, C2 etc) and sum all columns. Prepare a statement of revenues, expenditures and changes in fund balance for the year ended 12/31/Y1. Make sure your statement is in good form. (Follow example on p. 139, but use account titles given above.) The City of St. Charles uses one general fund for everything. Prepare a balance sheet at 12/31/Y1 in good form. (See p. 138 for example.) Use Excel or other appropriate software It must be typed and in good item Put your name in the upper, right-hand corner. Complete this closing entry worksheet Revenue the budget entry Close rev & expenditures (also OFS & OFU) Reclassify $XX from unassigned to committed/assigned and/or reserved as needed This city honors its commitments, so do not close the encumbrance account. Make the required closing entries directly onto the worksheet and then complete the post-closing initial balance columns. Use reference marks for your entries (C1, C2 etc) and sum all columns. Prepare a statement of revenues, expenditures and changes in fund balance for the year ended 12/31/Y1. Make sure your statement is in good form. (Follow example on p. 139, but use account titles given above.) The City of St. Charles uses one general fund for everything. Prepare a balance sheet at 12/31/Y1 in good form. (See p. 138 for example.) Use Excel or other appropriate software It must be typed and in good item Put your name in the upper, right-hand corner