16. City M borrowed $ 500,000 secured by a 3-year mortgage note. Which account will be debited in Governmental Activities Journal to record this transaction? ______ _____________

17. Town S issued a 2-year, 4 percent note in the amount $ 25,000 to finance the purchase of a building for the Garage. Which account will be debited in the General Journal of Governmental Activities for the purchase of building? ____________ ________________

18. The total expenditures of all Governmental Funds are $ 2,992,446. What should be the minimum value of the total expenditures (to the nearest $) of Public Safety Fund (PSF) to identify the PSF as a Major Fund? ______________________

19. The total estimated revenues are $ 1,350,000 and appropriations are $ 1,325,000 in the City of B. What should be the budgetary fund balance? ___________

20. The purchase orders of General Government: $ 10,000; Public safety: $ 40,000; Public Works: $ 15,000; Health & Welfare: $ 13,000; and Miscellaneous: $ 1,000. What will be the Encumbrances? __________________________