The July 1, 2019 balance sheet for the general fund of the Town of Hiller, Texas is:

TOWN OF HILLER General Fund Balance Sheet July 1, 2019
(in thousands)
Cash	$60,000		Accounts payable	$6,000
Taxes receivable	5,000		Fund balanceunassigned	59,000
Total assets	$65,000		Total liabilities and fund balance	$65,000

Transactions for the town during fiscal 2020 were (in thousands):

1. The town council approved a budget estimating revenues of $50,000 in property taxes and $15,000 in fees and service charges. The budget authorized expenditures of $68,000.

2. Property taxes were accrued. Uncollectible taxes are considered negligible.

3. Taxes of $4,950 were collected from last year, and $46,000 of this years taxes were collected. Uncollected taxes from last year were written off. The remaining uncollected taxes from this year are expected to be collected within 60 days of fiscal year-end.

4. Expenditures were $66,500, and purchase orders of $1,000 were outstanding at fiscal year-end.

5. Bills of $67,000 were paid in cash.

6. Fees and service charges of $13,500 were collected in cash.

Required

a. Prepare the journal entries to record the budget and transactions for fiscal 2020.

b. Prepare closing entries for fiscal 2020.

c. Compute the unassigned fund balance at June 30, 2020.

d. Prepare a budgetary comparison schedule for fiscal 2020. Use the GAAP budgetary basis.