A State University contracts for repair services that it estimates will cost $6,000. To commit the funds to meet anticipated expenditure: Debit-Encumbrances $6,000 Credit-Reserves for Encumbrances $6,000 At the end for the first year-the start of the second-the university had $2,000 of outstanding commitments for repairs, in other words, only $2,000 of the $6,000 repairs were completed. The entry to shows the commitment for repair from last year at the beginning of the second year would be: Credit-Fund Balance-unassigned $4,000 and Debit-Encumbrances $4,000 true or false