The following is a pre-closing trial balance for Sun Citys General Fund as of June 30, 2020: Debits Credits Cash $116,500 Taxes Recelvable-Current 29,000 Allowance for Uncollectible current Taxes $3,000 Vouchers Payable 8,800 Due to Other Funds 5,500 Tax Anticipation Notes Payable 40,000 Deferred Inflows of Resources-Unavallable Revenues 10,000 Encumbrances Outstanding 5,000 Fund Balance-Unassigned 70,200 Budgetary Fund Balance 1,000 Estimated Revenues 90,000 Estimated Other Financing Sources 110,000 Revenues 91,000 Other Financing Sources 10,000 Appropriations 99,000 Encumbrances 5,000 Expenditures 93,000 Totals $343,500 $343,500 Note: Do not use special characters in monetary answers. (No decimals, dollar Note: Do not use special characters in monetary answers. (No decimals, dollar signs, commas) (a) Show the closing entries for both the budgetary and for the operating accounts at 6/30/20. ACCOUNT DESCRIPTION AMOUNT AMOUNT QUESTION 26 Which of the following statements is true? Debt limit represents the total amount of indebtedness that is allowed by law to be out at one time. Overlapping debt is the difference between the amount of debt limit calculated as presc law and the net amount of outstanding indebtedness subject to limitation. Debt margin is reported in the governmental activities column of the government-wide statements. Click Save and Submit to save and submit. Click Save All Answers to save all answers. W & (b) What is the amount of fund balance as of June 30, 2020 after all closing entries have been made? Beginning Balance Closing entry Ending balance