computer and the actual cost of the computer in the current year is $14,000. How does this afferct unassigned fund balance? 18. Assume encumbrances do not expire at year-end. $16,000 was encumbered during the prior year for a A. Previous Year increase $16,000; Current Year decrease $14,000 B. Previous Yeur decrease $16,000, Current Year: increase $2,000 C. Previous Year no effect; Current Year decrease $14,000 D. Previous Year: decrease $16,000, Current Year: decrease 14,000 Department of a given city received an appropriation in the amount of $15,000,000 for the fiscal year ended June 30, 2015. During the month ended July 31, 2014, the following transactioni occurred: (a) purchase above, were filled in the amount of $610,000; the related invoice amount was $595,000; invoices were orders were issued in the amount of $650,000; (b) purchase orders, related to (a) uid in the amount of $550,000; (e) salaries were accrued aund paid in the amount of $600,000. The balance available for the fire department as of July 31, 2014 s A $13,740,000, B. $13,765,000. C $13,800,000. D. $13,840,000. 20. Which of the following is true with respect to Special revenue funds? A. Special revenue funds are used when it is desirable to provide separate reporting of resources that are restricted or committed as to expenditure for purposes other than debt service or capital projects B. Special revenue funds are used when it is desirable to provide separate reporting of resources that are designated for specific parposes, C. Special revenue funds are used when it is desirable to provide separate reporting for furds provided by other governments to support capital projects D. Both B and C 21. At year end, the baliance of Expenditures, Revenues and Other Financing Sources and Uses accounts are closed to: A. Budgetary Fund Balance B. Expenses C. Fund Balance D. Expenditure Control 22. The journal entry to record the hudget of a Special Revenue Furd would include: A. A debit to appropriations Control B. A dehit to Estimated Revenues Control C. A credit to Estimated Revenues Control D. None of the above, Special Revenue Funds do not record budgets 23, Which of the folowing is correct with respect to accounting for supplies inventories in a govermmental fund? A. Supplies inventories may be recorded using either the parchase method or the consumption method B. An amount equal to the ending balance of supplies is reported as Nonspendable Fund Balance C. The consumption method is preferable over the purchase method since it requires no adjustment to supplies expense when preparing the government-wide statements D. All of the above are correct 41Page