You are given the completed transaction worksheet

A. Prepare the 20X4 Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Debt Service Fund

B. Prepare the 20X4 balance sheet for the General Debt Service Fund

GENERAL DEBT SERVICE FUND Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended December 31, 20X4 GENERAL DEBT SERVICE FUND Balance Sheet December 31, 20X4 Revenues: Assets Cash Investments Taxes receivable--delinquent Less: Alowance for uncollectible delinquent taxes Interest and penalties receivable on taxes Less: Alowance for uncollectible interest and penalties Total Assets Taxe Interest and penalties on taxes Investment income Total Revenues Expenditures: Debt service: Bond Principal Liabilities, Deferred Inflows, and Fund Balance Total Expenditures Liabilities: Excess (Deficiency) of Revenues over Expenditures Deferred Inflows: Deferred revenues Fund Balance, January 1, 20X4 Fund Balance, December 31,20X4 Fund Balance: General Debt Service Fund FY 20X4 Transactions Balance Checks Balances Balances Transactions ating Statement Balance Sheet Account Title 171,350 246,800 1,300,000 7 214,320 214,320 4 6 1,050,000 1 Investments 1,237,000 1,000,000 6 1 Taxes Receivable -- Delinquent 52,000 4 59,790 59,790 Allowance for Uncollectible Taxes - - Delinquent Interest and Penalties Receivable 1 4,430 4,430 1 10,900 6,650 4 1 Allowance for Uncollectible Interest and Penalties 1 Defered Revenues 50,000 52,000 8a 1 Fund Balance 1,411,950 1 Taxes Receivable -- Current 300,000 246,800 2a 1 Allowance for Uncollectible Taxes - - Current 2c Revenues -- Property Taxes 45,050 295,050 295,050 297,0001 43,100 8b 2 Revenues -Interest and Penalties 6,900 8b 2 Revenues - Interest 50,000 67,000 67,000 Expenditures - - Debt Service - Principal Expenditures -- Debt Service Interest 2 500,000 500,000 500,000 2 800,000 800,000 800,000 1,471,250 1,471,250 3,130560 3,130,560 1,839,160 1,839,160 1,300,000 367,280 539,160 1,471,880 Change in Fund Balance 932,720 952,720 32,720 1,300,000 1,300,000 1,471,880 1,471,880