The preclosing trial balance at December 31, 20X1, for Lone Wolfs general fund follows.

	Debit			Credit
Cash	$	100,000
Property Taxes ReceivableDelinquent		115,200
Allowance for UncollectiblesDelinquent				$	7,100
Due from Other Funds		14,400
Vouchers Payable					66,000
Due to Other Funds					8,500
Fund BalanceUnassigned					118,000
Property Tax Revenue					1,145,000
Miscellaneous Revenue					43,000
Expenditures		1,130,000
Other Financing UsesTransfer Out		28,000
Estimated Revenues Control		1,231,000
Appropriations Control					1,145,000
Estimated Other Financing UsesTransfer Out					28,000
Encumbrances		37,000
Budgetary Fund BalanceAssigned for Encumbrances					37,000
Budgetary Fund BalanceUnassigned					58,000
Total	$	2,655,600		$	2,655,600

Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrances.

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.)

b.	Prepare a general fundonly balance sheet at December 31, 20X1. (Follow the same sequence shown in the problem statement to select the appropriate answers. Amounts to be deducted should be indicated with minus sign.)