The City of Mocksville had the following pre-closing account balances in its General Fund as of April 30, 2020. Debits and credits are not separated; each account had its normal balance. Among the expenditures recorded this year is an amount expended on supplies ordered at the end of the previous year. Assume that encumbrances do not lapse and that the City failed to make the journal entry(s) necessary to re-establish the encumbrance in the current year.

Required:

(a) Prepare all entries necessary to close the General Fund of the City of Statesville.

(b) Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund for the City of Statesville for the Year Ended April 30, 2020. End with the ending fund balance. This is the GAAP operating statement.

Cash Estimated Revenues Control Revenues Control Appropriations Control Estimated Other Financing Sources Control Other Financing Uses Control-Transfers Out Expenditures Control Taxes Receivable-Delinquent Fund Balance-Unassigned 5/1/19 Estimated Other Financing Uses Control Vouchers Payable Encumbrances Control Budgetary Fund Balance -- Reserve for Encumbrances Other Financing Sources Control-Transfers In

$ 250,000 6,000,000 6,100,000 5,750,000 250,000 500,000 5,300,000 140,000 500,000 500,000 165,000 200,000 240,000 235,000