(Solution Download) The preclosing trial balance of the general fund of Shorewood

The preclosing trial balance of the general fund of Shorewood Village for fiscal year ended June 30, 2019, is as follows:

1. Prepare closing entries.
2. Prepare a budget to actual comparison schedule. (Assume there are no differences between the original and final budgets.)
3. Prepare a balance sheet as of June 30, 2019.

 

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