The following information was abstracted from the accounts of the General Fund of the City of Rome after the books had been closed for the fiscal year ended June $30,2020.$

Postclosing

Trial Balance

June $30,2019$ Transactions

July $1,2019,$

to June $30,2020$ Postclosing

Trial Balance

June $30,2020$

Debits Credits

Cash $ $586,900$ $ $1,388,000$ $ $1,413,000$ $ $561,900$

Taxes Receivable $37,5001,418,6001,393,60062,500$

$ $624,400$ $ $624,400$

Allowance for Uncollectible Taxes $5,6005,60010,80010,800$

Accounts Payable $103,8001,404,7001,363,50062,600$

Fund Balance $515,00036,000551,000$

$ $624,400$ $ $624,400$

There were no transfers into the General Fund, but there was one transfer out. Prepare journal entries to record the transactions for the fiscal year ended June $30,2020.$ Include closing entries.