The General Fund trial balance of

The following data pertain to General Fund operations for the City of Cordes for the fiscal year ended December $31,2012$:

Budget adopted:

Revenues:

Encumbrances outstanding at the end of $2011$ were re$-$established.

Property taxes of $$430,000$ were levied. Two percent of the tax levy is expected to be uncollectible.

Purchase orders issued in $2012$:

Cash collections and transfers:

Purchase orders issued in $2012$ were filled in the following amounts:

Additional accounts payable for salaries and wages $($not encumbered$)$:

Accounts paid amounted to $$570,000$; the transfer out $$30,000$ was made in cash.

Reclassify "Taxes Receivable$-$Current" as "Taxes Receivable$-$Delinquent", and reclassify "Estimated Uncollectible Taxes$-$

Current" as "Estimated Uncollectible Taxes$-$Delinquent".

Required:

a$.$ Prepare journal entries to record the effects of the foregoing data. Omit explanations and subsidiary accounts.

b$.$ Prepare closing entries.

c$.$ Prepare for the General Fund of the City of Cordes:

$(1)$ A statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended December $31,2012.$

$(2)$ A Balance Sheet as of December $31,2012,$ assuming there are no restricted or committed net resources and the only

assigned net resources are the outstanding encumbrances.