The following is a pre-closing trial balance for the Village of Lake Augusta's general Fund as of December 31, 2017:

DebitsCreditsAccounts payable6,800Appropriations160,000Budgetary fund balance38,000Budgetary fund balance: reserve for encumbrances5,000Cash116,500Deferred revenues: property taxes3,000Due to other funds5,000Encumbrances5,000Estimated other financing sources8,000Estimated other financing uses10,000Estimated revenues200,000Estimated uncollectible taxes2,000Expenditures154,000Fund balance54,700Other financing sources10,000Other financing uses11,000Revenues199,000Tax anticipation notes payable30,000Taxes receivable29,000Totals523,500523,500

1. Prepare the required closing entries.
2. AccountDebitCredit
3. help create a balance sheet for the general fund. Assume outstanding encumbrances are assigned; $3,000 of the fund balance is committed; and $20,000 of the fund balance is restricted.