1. Calhoun County adopted its General Fund budget for the year ending June 30, 2021 comprising estimated revenues of $12,900,000 and appropriations of $13,200,000. Calhoun County utilizes the budgetary accounts required by GASB standards. The journal entry to record the budget will include:

A) A credit to Appropriations, $13,200,000.

B) A credit to Encumbrances, $13,200,000.

C) A debit to Estimated Revenues, $13,200,000.

D) A credit to Budgetary Fund Balance, $13,200,000

2.. Which of the following is a fiduciary fund?

A) Enterprise fund.

B) Special revenue fund.

C) Debt service fund.

D) Private-purpose trust fund

3. The Town of Greenville levied property taxes in the amount of $1,600,000. The town estimates that 1 percent will be uncollectible. The journal entry to record the tax levy will include

A) A debit to Cash for $1,584,000.

B) A credit to Revenues for $1,584,000.

C) A debit to Allowance for Uncollectible Current Taxes for $16,000.

D) A debit to Estimated Revenues for $1,600,000.