Select the correct answer for each of the following questions.

1. Which of the following funds of a governmental unit integrates budgetary accounts into the accounting system?

a. Enterprise.

b. Special revenue.

c. Internal service.

d. Private-purpose trust.

Items 2 through 4 are based on the following data:

The board of commissioners of Sugar Creek adopted its budget for the year ending July 31, 20XI. consisting of estimated revenue of \(\$ 30,000,000\) and appropriations of \(\$ 29,000.000\). Sugar Creek formally integrates its budget into the accounting records.

2. What entry should be made for budgeted revenue?

a. Memorandum entry only.

b. Debit Estimated Revenue Receivable, \(\$ 30,000,000\).

c. Debit Estimated Revenues Control, \(\$ 30,000,000\).

d. Credit Estimated Revenues Control, \(\$ 30,000,000\).

3. What entry should be made for budgeted appropriations?

a. Memorandum entry only.

b. Credit Estimated Expenditures Payable, \(\$ 29,000,000\).

c. Credit Appropriations Control, \(\$ 29.000,000\).

d. Debit Estimated Expenditures. \(\$ 29,000,000\).

4. What entry should be made for the budgeted excess of revenue over appropriations?

a. Memorandum entry only.

b. Credit Budgetary Fund Balance Unreserved, \(\$ 1,000,000\).

c. Debit Estimated Excess Revenue, \(\$ 1,000,000\).

d. Debit Excess Revenue Receivable, \(\$ 1,000,000\).

5. When the budget of a governmental unit is adopted and the estimated revenues exceed the appropriations, the excess is:

a. Credited to Budgetary Fund Balance Unreserved.

b. Debited to Budgetary Fund Balance Unreserved.

c. Credited to Fund Balance Reserved for Encumbrances.

d. Debited to Fund Balance Reserved for Encumbrances.

6. The Estimated Revenue account of a governmental unit is credited when:

a. The budget is closed out at the end of the year.

\(b\). The budget is recorded.

c. Property taxes are recorded.

d. Property taxes are collected.