The Pre-Closing Trial Balance of a County's Debt Service Fund

Multiple Choice

The pre-closing trial balance of a county's debt service fund at year-end is provided below:
$$\begin{array} { | l | c | } \hline & \text { Dr (Cr) } \\\hline \text { Cash } & \$ 42,000 \\\hline \text { Investments } & 8,000 \\\hline \text { Required additions } & 100,000 \\\hline \text { Required earnings } & 200 \\\hline \text { Appropriations } & ( 65,000 ) \\\hline \text { Debt service: principal } & 15,000 \\\hline \text { Debt service: interest } & 50,000 \\\hline \text { Transfersin } &\underline{ ( 100,000) }\\\hline \text { Investment income } & (205 ) \\\hline \text { Fund balance-committed } &\underline{( 49,995 ) } \\\hline \text { Total } & \$ \quad 0 \\\hline\end{array}$$ After the accounts are closed, what is the reported fund balance for the debt service fund?

A) $50,000
B) $60,000
C) $35,015
D) $42,995