1 2 Whish of the following funds would use the accrual basis of accounting in peeparing its fund financial nements? a) City General Fund b) City Hall Capital Project Fund. c) City Motor Pool Internal Service Fund d) None of the above 13. Employees of the Gleneral Fund of Scoft City earn ten days of vacation for each 12 months employment. The City permits employees to carry the vacation days forward as long as earned $ they wish. Daring the current year in the next year and the balance will be its books and in a manner that facilitates the preparation of its fand al statements, which of the following the correet entry in the General Fund to record the vacation pay earned during the current a) Debit Expenditures $800,000; Credit Vacation pay payable $800,000. b) Debit Expenditures $500,000; Credit Vacation pay payable $500,000. e $800,000o c) Debit Vacation expense $800,000, Credit Vacation pay payab d) No entry required. Shoshone County uses the of the year the City had no supplies on hand. During the year the City purchased $450,000 of supplies for use by activities of those supplies during the year. At fiscal year-end, the a 14. ion method to account for supplies. At the beginning ed for in the Fund. The City used $300,000 e account balances on the General Fund financial sta a) Expenditures $450,000; Supplies inventory $150,000. b) Expenditures $ c) Expenditures $300,000; Supplies inventory $150,000. d) 450,000; Supplies inventory $0 Expenditures $300,000; Supplies inventory $0. in the General Fund. The City paid $40,000 and agreed to pay $40,000 per year for 3 years. The bulldozer has a useful life of The lease qualified as a capitai lease. Assuming that the city maintains is books and records in a manner that facilitates the appropriat e entry in the General Fund at the date of acquisition would be a) Debit Expenditures $160,000, Credit Cash $40,000 and Other financing sources $120,000. b) Debit Expenditures $40,000 and Prepaid lease $120,000; Credit Cash $40,000 and Other sources $120,000. Debit Equipment $160,000; Credit Cash $40,000 and Other financing used $120,000. d) Debit Expenditures $160,000: Credit Cash $40,000 and Lease payable $120,000. c) 16. Other financing sources/uses would appear on which of the following statements? a) Balance sheet. b) Statement of Revenues, Expenditures, and Changes in Fund Balance. c) Cash flow statement. d) None of the above