Effect on fund balance unreserved

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Reference no: EM13155656

The City of Southern Pines reported the following at year-end, prior to closing entries: Revenues, $11,000,000; Expenditures, $10,100,000; Other Financing Uses, $500,000; Other Financing Sources, $300,000; Encumbrances, $600,000. As a result of all closing entries, the effect on Fund Balance Unreserved would be:-

Reference no: EM13155656

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