Statement of Revenues, Expenditures, and Changes in Fund Balance
Refer to the preclosing trial balance in Exercise 17-10. Assume that the balances on December 31, 20X0, were as follows:
Fund Balance—Assigned for Encumbrances | $28,000 |
Fund Balance—Unassigned | 91,000 |
Required
Prepare a general fund-only statement of revenues, expenditures, and changes in fund balance for fiscal 20X1.
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