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Required Calculate the estimated amount of tax anticipation financing that will be required for the remainder of FY 2017. Part C At the end of

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Required Calculate the estimated amount of tax anticipation financing that will be required for the remainder of FY 2017. Part C At the end of fiscal year 2017, the City of Georgetown's General Fund pre-adjusting trial balance show the following balances for operating and budgetary accounts and fund balance accounts. Credits $6,224,000 2,776,000 Debits Appropriations Estimated Other Financing Uses Estimated Revenues Encumbrances Expenditures Other Financing Uses Revenues Budgetary Fund Balance Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned $7,997,000 6,192,000 2,770,000 7,980,000 1,003,000 140,000 1,990,000 Required Prepare the closing entries for the year

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