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Answer 1-39 is crdit/ debit/ or N/A

4 DeKalb City Council approved and adopted its 20X2 budget that contained the following amounts: Estimated revenues Appropriations Authorized transfer out to the library debt service fund $700,000 660,000 30,000 During 20X2, various transactions and events occurred that affected the general fund. Required For items 1 through 39, indicate whether the item should be debited (D), credited (C), or is not affected (N) ltems 1 through 5 involve recording the adopted budget in the general fund. Items 6 through 10 involve recording the 20X2 property tax levy in the general fund. It was estimated that $5,000 would be uncollectible. Items 11 through 15 involve recording encumbrances in the general fund at the time purchase orders are issued. ltems 16 through 20 involve the recording in the general fund of expenditures that had been encumbered earlier in the current year. Items 21 through 25 involve the recording in the general fund of the transfer out of $30,000 made to the library debt service fund. (No previous entries were made regarding this transaction.) ltems 26 through 35 involve the recording in the general fund of the closing entries (other than encumbrances) for 20X2. Items 36 through 39 involve the recording in the general fund of the closing entry relating to the $12,000 of outstanding encumbrances at the end of 20X2 and an adjusting entry to reflect the intent to honor these commitments in 20X3. 4 DeKalb City Council approved and adopted its 20X2 budget that contained the following amounts: Estimated revenues Appropriations Authorized transfer out to the library debt service fund $700,000 660,000 30,000 During 20X2, various transactions and events occurred that affected the general fund. Required For items 1 through 39, indicate whether the item should be debited (D), credited (C), or is not affected (N) ltems 1 through 5 involve recording the adopted budget in the general fund. Items 6 through 10 involve recording the 20X2 property tax levy in the general fund. It was estimated that $5,000 would be uncollectible. Items 11 through 15 involve recording encumbrances in the general fund at the time purchase orders are issued. ltems 16 through 20 involve the recording in the general fund of expenditures that had been encumbered earlier in the current year. Items 21 through 25 involve the recording in the general fund of the transfer out of $30,000 made to the library debt service fund. (No previous entries were made regarding this transaction.) ltems 26 through 35 involve the recording in the general fund of the closing entries (other than encumbrances) for 20X2. Items 36 through 39 involve the recording in the general fund of the closing entry relating to the $12,000 of outstanding encumbrances at the end of 20X2 and an adjusting entry to reflect the intent to honor these commitments in 20X3

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