The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31 2020 1. Beginning balances were: Cash, $93,000; Taxes Receivable, $189,500; Accounts Payable, $52,250; and Fund Balance, $230,250 2. The budget was passed. Estimated revenues amounted to $1,230,000 and appropriations totaled $1,227,400. All expenditures are classified as General Government. 3. Property taxes were levied in the amount of $915,000. All of the taxes are expected to be collected before February 2021. 4. Cash receipts totaled $885,000 for property taxes and $297,500 from other revenue. 5. Contracts were issued for contracted services in the amount of $95,250. 6. Contracted services were performed relating to $85,500 of the contracts with invoices amounting to $83,900. 7. Other expenditures amounted to $963,500. 8. Accounts payable were paid in the amount of $1,092,500. 9. THe books were closed. Prepare journal entries for the above transactions. I have a challenge with the journal entries to close the books Prepare a Statement of Revenues, Expenditures and Changes in Fund Balance for the General Fund. Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumberances are committed by contractual obligation.