General Fund closing entries
A pre-closing trial balanced included the following account balances for Tempo City:
Due from other funds $3,500
Fund balance - unassigned $14,000
Estimated revenues 20,000
Revenues $22,000
Appropriations $18,000
Expenditures - current year $19,000
Expenditures - prior year $1,500
Other Financing Source - Nonreciprocal transfer-in 1,000
Prepare the necessary closing entries for the General Fund
Price $ 5.00