13. Governmental Accounting. The city begins the year with a fund balance of $6,800. of this. $2.000 is as assigned for open encumbrances. Cash is S7,800 and payables are $1,000 Of the goods ord used truck with d a. ered last year, we receive supplies costing $1,500. $200 of the beginning encumbrances is for a elivery expected next year. The balance is for an item ordered from a supplier which is no siness. Our city cancelled the purchase order e purchase orders for supplies . $5,000. The cost of the goods received is $4,500. Purchase orders for $500 of supplies and $200 for the truck are outstanding at year-end c. Supplies costing 580 remain in our stockrooms at the end of the year The ending fund balance unassigned is: a. $75 b. $100 c. $180 d. $150 None of the above e. 14. Governmental Accounting. Which of the following statements best describes the reporting process for profft seeking and governmental entities? b. In profitseekingenterprises the measurement focus is on the flow of current financial resources, whereas the focus for government funds is on all economic resources. c. In profit-seeking enterprises the measure whereas the focus for governmental funds is on current financial resources. d. Both profit-seeking enterprises and governmental entities use the cash basis of accounting to r ment focus is on the flow of all economic resources of the firm, transactions None of the above e. 15. Governmental Accounting. The 20X7: following information pertains to property taxes levied by Sycamore City for 1,200,000 200,000 Collections during 20X7 Expected collections during the first 60 days of 20X8 Expected collections during the balance of 20x8 Expected collections during January 20x9 Estimated to be uncollectible 110,000 40,000 30,000 1,580,000 Total levy What amount should Sycamore report for 20X7 net property tax revenues . $I,200,000 $1,400,000 $1,550,000 $1,580,000 None of the above