The following information is provided about some of the City of Austin General Fund operating statement and budgetary accounts for the fiscal year ended June 30.

Estimated revenues $ 6,150,000

Revenues 6,190,000

Appropriations 6,185,000

Expenditures 6,175,000

Estimated other financing sources 300,000

Encumbrances 80,000

Encumbrances outstanding 80,000

Budgetary fund balance 265,000

Other financing sources 200,000

Prepare the closing journal entries for the City of Austin