The entry to re-establish encumbrances related to purchase orders from the prior year would include: A) A debit to Fund Balance - Reserved for Encumbrances. B) A debit to Encumbrances. C) A credit to Accounts Payable D) None of the above. A property is assessed by the city at $4,000,000. The city's millage rate is 24 mills. What will be the amount or property taxes associated with this property? A) $960,000 B) C) $96,000 D) $166,667 $9,600