Here is the December 31, 2014 pre-closing trial balance for the general fund of the City of Akron, Ohio. The city uses the GAAP budgetary basis for encumbrances, and $800 in encumbrances were...

Here is the December 31, 2014 pre-closing trial balance for the general fund of the City of Akron, Ohio. The city uses the GAAP budgetary basis for encumbrances, and $800 in encumbrances were outstanding at January 1, 2014. Assigned fund balance consists of outstanding encumbrances. Required a. Prepare the budget entry that was made at January 1, 2014. b. Calculate the balance in fund balance-unassigned on December 31, 2013. c. Prepare the required closing entries at year-end. d. Prepare the general fund statement of revenues, expenditures, and changes in fund balances for 2014. e. Prepare the general fund balance sheet at December 31, 2014. View Solution:

Here is the December 31 2014 pre closing trial balance for