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Show all your work including math for working out values. The following is a pre-closing trial balance for Sun City's General Fund as of June
Show all your work including math for working out values.
The following is a pre-closing trial balance for Sun City's General Fund as of June 30, 2020: Credits Debits $ 116,500 29,000 Cash Taxes Receivable-Current Allowance for Uncollectible Current Taxes Accounts Payable Due to Other Funds Tax Anticipation Notes Payable Fund Balance-Unassigned Budgetary Fund Balance Estimated Revenues Revenues Appropriations Expenditures Totals $ 3,000 7,800 5,500 50,000 70,200 1,000 100,000 102,000 99,000 93,000 $ 338,500 $338,500 What is the fund balance as of June 30, 2020, after all closing entries have been made? The fund balance as of June 30, 2020 isStep by Step Solution
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