8. The general ledger of the Town of Baker contains the following selected account balances:

Appropriations Control $800,000

Reserve for Encumbrances 50,000

Vouchers Payable 30,000

Expenditures 700,000

Baker wants to order additional goods and services before the fiscal year end. What is the

unencumbered balance of the budget that may be expended by Baker?

A. $100,000

B. $70,000

C. $50,000

D. $20,000

9. Gotham City issued a purchase order for supplies with an estimated cost of $5,000. When the

supplies were received, the accompanying invoice indicated an actual price of $4,950. What

amount should Gotham debit or credit to the budgetary fund balance account after the supplies

and invoice were received?

A. $50 Credit

B. $50 Debit

C. $4,950 Debit

D. $5,000 Debit

10. The following balances are included in the records of Bear Creek Township at April 30:

Appropriations Supplies $10,000

Expenditures Supplies 5,000

Encumbrances Supply Orders 500

How much does the Township have available for additional purchases of supplies?

A. $9,500

B. $5,000

C. $4,500

D. $0

11. The following information related to property taxes levied by Burbank for 2014:

Collections during 2014 $500,000

Expected collections during the first 60 days of 2015 100,000

Expected collections during the remainder of 2015 60,000

Expected collections during January 2016 30,000

Estimated to be uncollectible 10,000

Total Levy $700,000

What amount should Burbank report for 2014 net property tax revenues?

A. $690,000

B. $600,000

C. $590,000

D. $500,000