At the end of fiscal year 2017, the City of Georgetown's General Fund pre-adjusting trial balance...
|
At the end of fiscal year 2017, the City of Georgetown's General Fund pre-adjusting trial balance showed the following balances for operating and budgetary accounts and fund balance accounts. |
|
Debits |
Credits |
||||||||
|
Appropriations |
$ |
6,224,000 |
|||||||
|
Estimated Other Financing Uses |
2,776,000 |
||||||||
|
Estimated Revenues |
$ |
7,997,000 |
|||||||
|
Encumbrances |
0 |
||||||||
|
Expenditures |
6,192,000 |
||||||||
|
Other Financing Uses |
2,770,000 |
||||||||
|
Revenues |
7,980,000 |
||||||||
|
Budgetary Fund Balance |
1,003,000 |
||||||||
|
Fund Balance-Nonspendable-Inventory of Supplies |
140,000 |
||||||||
|
Fund Balance-Unassigned |
1,990,000 |
||||||||
Required
Prepare the closing entries for the year.
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At the end of fiscal year 2017, the City of Georgetown's General
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