Reference no: EM131813980

What are the journal entries for these?

At year-end, an analysis by the city's finance department determined the following constraints on fund balances in the General Fund. Prepare the appropriate closing/reclassification journal entry in the General Fund to reclassify amounts between Fund Balance-Unassigned and the fund balance accounts corresponding to the constraints shown below.  (Note: You should consider the beginning of year balances in fund balance accounts in calculating the amounts to be reclassified. Be sure the check mark in the box for [Closing Entry] is showing before closing each individual account.)

                       Account                                                         Ending Balance

Fund Balance-Committed-General Government        $30,000

Fund Balance-Restricted-Public Safety                        36,000

            Fund Balance-Committed-Public Works                      12,700

            Fund Balance-Assigned-Culture and Recreation                   0