A general ledger trial balance for Any City contained the following balances at June 30, 2011, just before closing entries were made:
Due from other funds | $600 |
Fund balance—unassigned | 3,000 |
Estimated revenues | 18,000 |
Revenues | 17,380 |
Appropriations | 17,500 |
Expenditures—current year | 16,450 |
Expenditures—prior year | 1,900 |
Encumbrances | 1,000 |
Nonreciprocal transfer in | 3,200 |
Reserve for encumbrances | 1,000 |
Reserve for encumbrances—prior year | 2,000 |
REQUIRED: Prepare the necessary closing entries.
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