The preclosing trial balance at December 31,201, for Lone Wolf's general fund follows. Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrance 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. 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. Journal entry worksheet 8 E Record the entry to close the budgetary accounts. Note: Enter debits betore credits. Journal entry worksheet Record the entry to close the remaining encumbrances by reversing the remaining budgetary balance. Note: Enter debits before credits. 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. Journal entry worksheet Record the entry to reserve the fund balance for encumbrances that lapse, but are expected to be honored in 202. Note: Enter debits before credits. b. Prepare a general fund-only balance sheet at December 31,201 equired: . 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. Journal entry worksheet A E Record the entry to close the operating statement accounts. Notes Enter debits before credits. equired: . 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. Journal entry worksheet A Record the entry to close the transfer out. Note: Enter debits before credits. b. Prepare a general fund-only balance sheet at December 31,201 Note: Follow the same sequence shown in the problem statement to select the appropriate answers. Amounts to be deducted should be indicated with minus sign