19 Your city borrows $50,000 to purchase an asset and pays $40.000 in cash for use in its overall general purpose. What should be the DEBIT entry reported in the general und Assume that this asset was properly budgeted this year D: 540.000 capital assets expenditure 550.000 capital assets expenditure CWty on why do I have to take these stupid exams 590.000 capitales expenditure nothing as the general fund does not record capital assets