Required: a. Prepare the closing entries for the general fund. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the budgetary accounts. Note: Enter debits before credits. Event General Journal Debit Credit b. Prepare a general fund-only balance sheet at December 31, 20X1. (Follow the same sequence shown in the problem statement to select the appropriate answers. Amounts to be deducted should be indicated with minus sign.) LONE WOLF General Fund Balance Sheet December 31, 20X1 Assets Total Assets Liabilities and Fund Balance Fund Balance: Spendable Assigned to: Total Liabilities and Fund Balance