General Government notifies Hebron City that they will grant them a grant for $50,000 that must be used to train teachers in the public schools. Hebron City met all eligibility requirements and can use this grant any time. To record this transaction, the city should credit

a.

grants receivable

b.

advance on state grants

c.

revenues - grants

d.

grant expenditures

2.On January 1, 2019 a city levied property taxes $1,020,000, including $20,000 as provision of uncollectable property taxes. After three month, city decided to decrease the uncollectable property taxes by $5,000. After collecting $900,000, the city financial manager indicated that $10,000 of property taxes will be collected during July 2020. Total revenue from property taxes is

a.

$950,000

b.

$938,000

c.

$995,000

d.

$947,000