What would be my closing Journal entries for this pre-closing TB
City of Smithville
Street Improvement Fund
Pre-Closing Trial Balance
For year 2017
Cash $1,345,000
Accrued Sales Taxes Receivable $450,000
Vouchers Payable 2,067,500
Encumbrances Outstanding-Elm Street Project 2,100,000
Other Financing Sources-Proceeds of Bonds 2,070,000
Construction Expenditures-Elm Street Project 3,242,500
Encumbrances-Elm Street Project 2,100,000