Required:

a) Open the ordinary T accounts for the accounts appearing in the trial balance and enter the balances as at 1 July 2021.

b) Open T accounts for:

i) Fund balance reserves for encumbrances

ii) Estimated revenues

iii) Revenues

iv) Appropriations

v) Expenditure

vi) Encumbrances

c) Prepare journal entries to post the foregoing summarized operations.

d) Post the entries recorded in (c) above into the accounts.

e) Record appropriate entries to dwell the accounts as at 30th June2022.

f) Prepare a balance sheet as at 30th June 2022

The city of Nakuru fiscal period ends on 30th June. The trial balance of the general fund as on 1 July 2021 was as follows: The city of Nakuru fiscal period ends on 30th June. The trial balance of the general fund as on 1 July 2021 was as follows