The following is a pre-closing trial balance for Sun City's General Fund as of June 30, 2011: ACCOUNT DEBITS CREDITS CASH $116,500.00 $- TAXES RECEIVAVLE - CURRENT $29,000.00 $- ESTIMATED UNCOLLECTIBLE CURRENT Taxes $- $300.00 ACCOUNTS PAYABLE $- $7,800.00 DUE TO OTHER FUNDS $- $5,500.00 TAX ANTICIPATION NOTES PAYABLE $- $50,000.00 RESERVE FOR ENCUMBRANCES $- $5,000.00 FUND BALANCE $- $70,200.00 BUDGETARY FUND BALANCE $- $1,000.00 ESTIMATED REVENUE $100,000.00 $- REVENUE $- $102,000.00 APPROPRIATIONS $- $99,000.00 ENCUMBRABCES $5,000.00 $- EXPENDITURES $93,000.00 $- TOTAL $343,500.00 $340,800.00 What is the fund balance as of June 30, 2011, after all closing entries have been made? Show your work.

The following is a pre-closing trial balance for Sun City's General Fund as of June 30, 2011: ACCOUNT CASH TAXES RECEIVAVLE - CURRENT ESTIMATED UNCOLLECTIBLE CURRENT Taxes ACCOUNTS PAYABLE DUE TO OTHER FUNDS TAX ANTICIPATION NOTES PAYABLE RESERVE FOR ENCUMBRANCES FUND BALANCE BUDGETARY FUND BALANCE ESTIMATED REVENUE REVENUE APPROPRIATIONS ENCUMBRABCES EXPENDITURES TOTAL DEBITS $ 116,500.00 $ 29,000.00 $ $ $ $ $ $ $ $ 100,000.00 $ $ $ 5,000.00 $ 93,000.00 $ 343,500.00 CREDITS $ $ $ 300.00 $ 7,800.00 $ 5,500.00 $ 50,000.00 $ 5,000.00 $ 70,200.00 $ 1,000.00 $ $ 102,000.00 $ 99,000.00 $ $ $ 340,800.00 What is the fund balance as of June 30, 2011, after all closing entries have been made? Show your work. The following is a pre-closing trial balance for Sun City's General Fund as of June 30, 2011: ACCOUNT CASH TAXES RECEIVAVLE - CURRENT ESTIMATED UNCOLLECTIBLE CURRENT Taxes ACCOUNTS PAYABLE DUE TO OTHER FUNDS TAX ANTICIPATION NOTES PAYABLE RESERVE FOR ENCUMBRANCES FUND BALANCE BUDGETARY FUND BALANCE ESTIMATED REVENUE REVENUE APPROPRIATIONS ENCUMBRABCES EXPENDITURES TOTAL DEBITS $ 116,500.00 $ 29,000.00 $ $ $ $ $ $ $ $ 100,000.00 $ $ $ 5,000.00 $ 93,000.00 $ 343,500.00 CREDITS $ $ $ 300.00 $ 7,800.00 $ 5,500.00 $ 50,000.00 $ 5,000.00 $ 70,200.00 $ 1,000.00 $ $ 102,000.00 $ 99,000.00 $ $ $ 340,800.00 What is the fund balance as of June 30, 2011, after all closing entries have been made? Show your work