General Fund closing entries - Question | Learnok.com

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
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