26. On May 1, the City of Dusti payable on a reimbursement bas grant. As of May 1, no expenditures had been made for gran record approval of this grant will include: A) A credit to Revenues in the amount of $300,000. B) A credit to Deferred Resources- Grant C) n was notified of approval of a $300,000 federal operating grant, IS s the city expends resources for the intended purpose of the nflows of Resources Grant Proceeds in the amount of $300,000. debit to Grants Receivable in the amount of $300.000. o journal entry will b D) N e made until expenditures for the authorized purpose occur