QUESTION 11 A federal grant was approved to Old Carson City with the amount of $1,000,000 on January 1, 2020. There was a restriction for the grant where sh be used to pay for the wages of Cavid-19 frontliners that served in the city. The terms of the grant permitted reimbursement only after qualified expenditures have been made the grant could be used over a two-year period. The following data pertain to operations of the comid 19 Frontliners Grant Fund, a special revenue fund of Old Carson Cty during the year ended December 31, 2020: a. The budget was recorded. It provided for estimated Revenues for the year in the amount of $550,000, and for appropriations in the amount of 5550.000 b. During the year frontliners earned and were paid 5191.000 under terms of the Covid 19 batting propram. An additional $2.000 acred as payable on December 31. Recognize the receivable and revenue include the $2.000 of wages payable) c. Each month a properly documented request for reimbursement was sent to the federal government checks for 5210,000 were recewed d. Necessary closing entries were made. Required: a. Define Special Revenue Fund as per GASB. (2 marks) ha Show entries in general journal form to record the above events and transactions in the accounts of the Cowidl.19 Frontlinen Grostlund (11 marks) Identify two situations where Social Revenue Funds cannot be used for. (2 marka Sare All Click Save and submit to see and submit. Click Save All Ar to save alla sera