Following is the trial balance of the Town of Granville General Fund on June 30, 2006:
a. Prepare closing entries for the Town of Granville General Fund on June 30, 2006. Omit explanations.
b. Prepare a three-column ledger account for the Unreserved and Undesignated Fund Balance account of the Town of Granville General Fund, and post the journal entries in a above to the account.
Correct Answer:
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