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The following trial balance is taken from the General Fund of the City of Jennings for the year ending December 31, 2020. Debit Credit Accounts

The following trial balance is taken from the General Fund of the City of Jennings for the year ending December 31, 2020.

Debit Credit
Accounts Payable $ 90,000
Cash $ 30,000
Contracts Payable 90,000
Unavailable Revenues 40,000
Due from Capital Projects Funds 60,000
Due to Debt Service Funds 40,000
Expenditures 530,000
Fund BalanceUnassigned 170,000
Investments 410,000
Revenues 760,000
Other Financing SourcesBond Proceeds 300,000
Other Financing SourcesTransfers In 50,000
Other Financing UsesTransfers Out 470,000
Taxes Receivable 220,000
Vouchers Payable 180,000
Totals $ 1,720,000 $ 1,720,000
  1. Prepare a condensed statement of revenues, expenditures, and other changes in fund balance.
  2. Prepare a condensed balance sheet.

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