The pre-closing trial balance of the general fund of Shorewood Village for fiscal year ended June 30, 2019, is as follows:

1. Prepare closing entries.
2. Prepare a budget to actual comparison schedule.
3. Prepare a balance sheet as of June 30, 2019.

Transcribed Image Text:

Debit Credit 190,000 120,000 ash - 91,000 60,000 92,000 50,000 ouchers Fund Balance-Assigned 600,000 150,000 650,000 50,000 Estimated Other Financing Uses .._. . . . . . . . . . . . . . . Expenditures Encumbrances . . . . .. . . 588,000 60,000 595,000 166,500 Other Financing Sources . .. . 46,500 1,754,500 Totals 1,754,500