The trial balance of the general fund of Madelyn City before closing at December 31, 2011, contained the following accounts and balances:
Fund balance—unassigned | $25,000 |
Estimated revenues | 100,000 |
Appropriations | 95,000 |
Encumbrances | 4,000 |
Reserve for encumbrances | 4,000 |
Reserve for encumbrances—prior year | 5,000 |
Revenues | 101,000 |
Expenditures | 94,000 |
Expenditures—prior year | 4,800 |
Nonreciprocal transfers out | 18,000 |
Reciprocal transfers in | 27,000 |
REQUIRED : Prepare a statement of revenues, expenditures, and changes in (total) fund balance for Madelyn City’s general fund in 2011. (Details of revenue and expenditure accounts are omitted to simplify the requirement.)
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