The Bellflower City school district formally adopted a budget with estimated revenues of $800 and approved expenditures of $780. Which of the following is the appropriate entry to record the budget?

a.Debit Estimated revenues $800; Credit Appropriations $780; Credit Fund balance $20. b.Debit Appropriations $780; Debit Fund balance $20; Credit Estimated revenues $800. c.Debit Encumbrances $780; Debit Fund balance $20; Credit Estimated revenues $800. d.Memorandum entry only