The City of Castletons General Fund had the following post-closing trial balance at June 30, 2022, the end of its fiscal year:

DebitsCreditsCash$480,000Sales Taxes Receivable31,000Taxes ReceivableDelinquent603,000Allowance for Uncollectible Delinquent Taxes$209,000Interest and Penalties Receivable28,280Allowance for Uncollectible Interest and Penalties13,160Inventory of Supplies18,100Vouchers Payable168,500Due to Federal Government79,490Deferred Inflows of ResourcesUnavailable Revenues456,000Fund BalanceNonspendableInventory of Supplies18,100Fund BalanceUnassigned216,130$1,160,380$1,160,380

1. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023.
2. Record in general journal form entries to close the budgetary and operating statement accounts in the General Fund only.
3. Prepare a General Fund balance sheet as of June 30, 2023.
4. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 2023.

Prepare a General Fund statement of revenues, expenditures, and changes in fund balance for the yearended June 30, 2023.

CITY OF CASTLETONGeneral FundStatement of Revenues, Expenditures, and Changes in Fund BalanceFor the Year Ended June 30, 2023RevenuesTaxesInterest and Penalties on TaxesOther SourcesTotal Revenues0ExpendituresSalaries and WagesInterest on Notes PayableOtherTotal Expenditures$0Excess of Revenues over ExpendituresOther Financing UsesChange In Fund Balance0Increase in Inventory of SuppliesFund Balances, July 1, 2022Fund Balances, June 30, 2023$0