in which of the following situations would the amount of expense and expenditure for the period differ? Select one: O a. An entity purchases equipment for cash. The purchase occurred on the last day of the fiscal year. O b. The amount of expense and expenditure to be recognized differs in more than one of the preceding situations. O c. An entity uses and is billed for utilities but has paid only half of the amount billed at year end. O d. Salaries and wages incurred and paid during the period were $100,000. Additional salaries and wages accrued at year end were $4,000. A transaction in which a municipal electric utility paid $150,000 out of its earnings for new equipment requires accounting recognition in Select one: O a. An Enterprise Fund and the General Capital Assets and General Long-Term Liabilities accounts. O b. An Enterprise Fund. O c. The General Fund and the General Capital Assets and General Long-Term Liabilities accounts. d. The General Fund. Which of the following funds would use accrual accounting? Select one: a. Debt Service Fund b. Internal Service Fund c. General Fund O d. Capital Projects Fund Expenditures of $200,000 were made during the year on a fire station currently under construction This transaction