The Inventory of Supplies and Fund Balance--Reserved for Inventory of Supplies have been adjusted to reflect ending inventory. The beginning inventory balance was $0. Fund Balance--Unreserved-Undesignated was $5,000 before the adjustment.
-Using the information in Figure 15-1, prepare the closing entries for the General Fund of Gotham City on June 30, 20X9.

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The Answer of  The Inventory of Supplies and Fund Balance--Reserved for Inventory of Supplies have been adjusted to reflect ending inventory. The beginning inventory balance was $0. Fund Balance--Unreserved-Undesignated was $5,000 before the adjustment.
-Using the information in Figure 15-1, prepare the closing entries for the General Fund of Gotham City on June 30, 20X9.