The preclosing trial balance at December 31, 20x1, for Lone Wolf's general fund follows. Cash Property Taxes Receivablo-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 Pinancing Uses-Transfer Out Encumbrances Budgetary Fund Balance-Assigned for Encumbrances Budgetary Fund Balance-Unassigned Total Debit Credit $ 97,000 105,400 $ 7,500 15,000 65,000 8,900 117,000 1,140,000 42,000 1,135,000 28,000 1,225,000 1,150,000 28,000 36,000 36,000 47,000 $2,641,400 $2,641,400 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet