The preclosing trial balance at December 31, 20X1, for Lone Wolf's general fund follows. Cash Property Taxes Receivable-Delinquent Allowance for Uncollectibles-Delinquent Due from Other Funds Vouchers Payable Due to Other Funds Fund Balance-Unassigned Property Tax Revenue Miscellaneous Revenue Expenditures Other Financing Uses-Transfer Out Estimated Revenues Control Appropriations Control Estimated Other Financing Uses-Transfer Out Encumbrances Budgetary Fund Balance-Assigned for Encumbrances Budgetary Fund Balance-Unassigned Total Debit $ 95,000 110,000 Credit $ 7,100 14,500 61,000 8,400 116,000 1,130,000 42,000 1,120,000 25,000 1,232,000 1,155,000 25,000 34,000 34,000 52,000 $ 2,630,500 $ 2,630,500 Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrances. Required: a. Prepare the closing entries for the general fund. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.