The preclosing trial balance at December 31, 20X1, for Lone Wolf's general fund follows. Lone Wolf uses the purchase method of accounting for inventorles and the lapsing method of accounting for encumbrance Requlred: Q. Prepare the closing entries for the general fund. Note: If no entry is requlred for a transactlon/event, select "No journal entry required" in the first account fleld. A Record the entry to close the budgetary accounts. B Record the entry to close the remaining encumbrances by reversing the remaining budgetary balance. C. Record the entry to reserve the fund balance for encumbrances that lapse, but are expected to be honared in 202. D Record the entry to dose the operating statement accounts. E Record the entry to dose the transfer out