The June 30, 2020 Pre-Closing Trial Balance for the General

Essay

The June 30, 2020 pre-closing trial balance for the general fund of Yuba County is shown below:
$\begin{array}{lcc}&\text { Debit }&\text { Credit }\\ \text { Cash } & 27,000 & \\ \text { Property taxes receivable } & 40,000 & \\\text { Allowance for uncollectible taxe; } & & 24,000 \\ \text { Duefrom other funds } & 5,000 & \\\text { Accounts payable } & & 12, 000 \\ \text { Dueto other funds } & & 4,000 \\ \text { Fund balance-unassigned } & & 30,000 \\ \text { Estimated revenues } & 450,000 & \\ \text { Estimated other financing sources } & 30,000 & \\ \text { Appropriations } & & 4 \pi, \infty 00 \\ \text { Estimated other financing uses } & & 11, \infty 00 \\ \text { Property and sales tax revenue; } & & 440,000 \\\text { Investment income } & & 2,000 \\ \text { Current operating expenditures } & 400,000 & \\ \text { Debt service: Principal and interest payments } & 50,000 & \\ \text { Capital outlay } & 18,000 & \\ \text { Transfers out } & 10,000 & \\ \text { Transfers in } & & 3,000 \\ \text { Proceeds from sale of capital assets } & & 4,000 \\ \text { Proceeds of general obligation debt } & & 5,000 \\ \text { Totals } & \$ \overline{1,030,000} & \$ 1,030,000 \\\end{array}$
Required
a. Prepare the beginning-of-year budget entry, in journal form.
b. Prepare the fiscal 2020 statement of revenues, expenditures, and changes in fund balance for the general fund, in good form.
c. Prepare the June 30, 2020 balance sheet for the general fund, in good form. Present a schedule calculating the ending balance for fund balance-unassigned.