Question 1 0.6 p When equipment is purchased with general fund resources, which of the following accounts would have been debited in the General Fund? O Encumbrances. O Expenditures. o Equipment o No entry should be made in the General Fund. Question 2 0.6 p Goods for which a purchase order had been placed at an estimated cost of $1,600 were received at an actual cost of $1,550. The journal entry in the General Fund to record the receipt of the goods will include a: Only a debit to encumbrances outstanding for $1,600. o Only a credit to vouchers payable for $1,550. o Debit to encumbrances outstanding for $1,600, debit to expenditures for $1,550, and a credit to vouchers payable for $1,550. o Only a debit to expenditures for $1,550. Question 3 0.6 p Which of the following items would be reported as General Revenue on the government-wide statement of activities? O Sales taxes earmarked for maintenance of roads and bridges. o Parking fines. o Federal grants earmarked for specific programs. O Animal licensing fees. Question 4 0.6 p Point Roberts levies $200,000 of property taxes for its current fiscal year. One percent of the tax levy is expected to be uncollectible. The city collects $170,000 of the taxes during the current year and another $25,000 during the first two months of the following year. In addition, the city collected $3,000 of prior years' taxes during the first two months of the current fiscal year and another $2,000 during the remainder of the current fiscal year. What amount of property tax revenues should the City of Point Roberts report in the governmental fund financial statements for the current fiscal year? o $195,000 O $200.000 o $198.000. O $197.000