2. public school district formally adopted a budget with estimated revenues of $1000 and approved expenditures of $940. Which of the following is the appropriate entry to record the budget? (2 points) Debit Estimated revenues $1000; credit Appropriations $940; credit Fund balance $60. Debit Encumbrances $940; Debit Fund balance $60; credit Estimated revenues $1000. Debit Appropriations $940; Debit Fund balance $60; credit Estimated revenues $1000. Memorandum entry only