The preclosing trial balance for the General Fund of the City of Springfield is presented below.

City of Springfield

The General Fund

General Ledger Trial Balance

December 31, 2015

DebitCredit

Cash$90,000

Certificates of Deposit120,000

Property Taxes Receivable175,000

Estimated Revenue1,690,000

Expenditures1,310,000

Expenditures--201432,000

Encumbrances165,000

Estimated Uncollectible Taxes$51,000

Vouchers Payable65,000

Fund Balance-Unassigned41,000

Fund Balance- Assigned (Note 1)200,000

Reserve for Encumbrances-- 201435,000

Appropriations1,550,000

Revenue1,675,000

-------------------------

$3,582,000$3,582,000

Note 1: Includes $35,000 of encumbrances from 2014.

Required:

Prepare the closing entries for the General Fund.