1. Ocean Town budgeted $500,000 for the purchase of two fire trucks during the fiscal year ended December 31, 20X4. The Town issued a purchase order for the acquisition of both trucks for a total for $480,000 on February 1, 20X4 and accepted delivery of one of the trucks at a cost of $280,000 on March 31, 20X4. As a result of this delivery of one of the ordered vehicles, the Ocean Town General Fund would record a:

		A. Debit to property/equipment for $280,000.
		B. Credit to encumbrances for $240,000.
		C. Debit to appropriations control for $280,000.
		D. Debit to encumbrances for $240,000.

2. A county's balances in the general fund included the following:

Appropriations $745,000 Expenditures 298,000

Encumbrances 37,250 Vouchers payable 55,875

What is the remaining amount available for use by the county?

		A. $353,875
		B. $409,750
		C. $391,125
		D. $447,000

3. For the budgetary year ending December 31, 20X3, Maple City's general fund expects the following inflows of resources:

Property taxes, licenses, and fines $9,000,000

Proceeds of debt issue 5,000,000

Interfund transfers for debt service 1,000,000

In the budgetary entry, what amount should Maple record for estimated revenues?

		A. $9,000,000
		B. $14,000,000
		C. $10,000,000
		D. $15,000,000

4. The following information pertains to Spruce City's liability for claims and judgments:

Current liability at January 1, 20X2 $100,000

Claims paid during 20X2 800,000

Current liability at December 31, 20X2 140,000

Non-current liability at December 31, 20X2 200,000

What amount should Spruce report for 20X2 claims and judgments expenditures?

		A. $1,040,000
		B. $840,000
		C. $940,000
		D. $800,000