The December 31, 2020 Pre-Closing Trial Balance for the General

Essay

The December 31, 2020 pre-closing trial balance for the general fund of Lassen County appears below:
$\begin{array}{|l|c|c|}\hline& \text { Debit } & \text { Credit } \\\hline \text { Cash } & 25,000 & \\\hline \text { Property taxes receivable, net } & 120,000 & \\\hline \text { Accounts payable } & & 30,000 \\\hline \text { Fund balance-unassigned } & & 80,000 \\\hline \text { Estimated revenues } & 1,500,000 & \\\hline \text { Estimated other financing sources } & 200,000 & \\\hline \text { Appropriations } & & 1,600,000 \\\hline \text { Estimated other financing uses } & & 100,000 \\\hline \text { Revenues } & & 1,510,000 \\\hline \text { General expenditures } & 1,495,000 & \\\hline \text { Capital outlay } & 50,000 & \\\hline \text { Debt service: Principal payments } & 10,000 & \\\hline \text { Debt service: Interest payments } & 25,000 & \\\hline \text { Proceedsfrom issuing general obligation debt } & & 203,000 \\\hline \text { Transfers out } & 100,000 & \\\hline \text { Transfersin } & & 2,000 \\\hline \text { Totals } & \$ 3,525,000 & \$ 3,525,000 \\\hline\end{array}$ Required
Prepare the closing entries for the general fund.