The preclosing trial balance at December 31, 20X1, for Lone Wolf's general fund follow
Cash
Property Taxes Receivable-Delinquent
Allowance for Uncollectibles-Delinquent
Vouchers Payable
Due from Other Funds
Due to Other Funds
Fund Balance-Unassigned
Property Tax Revenue
Miscellaneous Revenue
Expenditures
Other Financing Uses-Transfer Out
Estimated Revenues Control
Appropriations Control
Estimated Other Financing Uses-Transfer Out
Budgetary Fund Balance-Assigned for Encumbrances
Encumbrances
Budgetary Fund Balance-Unassigned
Total
Debit
$\ 98,000$
Credit
129,300
$\ 7,500$
14,400
68,000
8,200
119,000
1,140,800
37,000
1,120,000
18,000
1,215,000
1,140,000
18,000
37,000
32,600
57,000
$\ 2,626,700$
$\ 2,626,700$
Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrances.
Assume that the balances on December 31, 20X0, were as follows:
Fund Balance-Assigned for Encumbrances
Fund Balance-Unassigned
Required:
$\ 30,000$
80,000
Prepare a general fund-only statement of revenues, expenditures, and changes in fund balance for fiscal 20X1.
Note: Amounts to be deducted should be indicated with a minus sign.
LONE WOLF
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For the Fiscal Year Ended December 31, 20X1
Revenue
