The following applies to Q 7-8 A spocial period it engaged in the following transactions: district accounts for its general fund Cits only fund) on a modified acrual basis. In a particular It acquired several tacts of land at a total cost of S4 million, paying the entire amount in cash. so.3 milotof the land for Si million, receiv ing cash for the entire amount. The tract sold had co It issued $20 million in long - term bonds. . It repaid $2 million of the bonds. It lost a lawsuit and was ordered to pay $9 million over three years. It million. made its first cash payment of s3 7. The total Expenditure reported in the General Fund is b. $3 Mill e. $4 Mill d. $7 Mill 8. The total "Other Finance Source" reported in the General Fund is a. $20 reported in General Fund's Balance Sheet b. $20 reported in General Fund's Revenue, Expenditures and Changes in Fund Statement c. $21 reported in General Fund's Balance Sheet d. $21 reported in General Fund's Revenue, Expenditures and Changes in Fund Statement 9.Missing data can be derived, and journal entries constructed, from information in the accounts. The following schedule shows the amounts related to supplies that a city debited and credited to the indicated accounts during a year (not necessarily the year end balances), excluding closing entries. The city records its budget, encumbers all its expenditures, and initially vouchers all payments. All revenue was collected in cash. Some in formation is missing. By reconstructing the entries that the city made during the year, you are to Determine the missing data and construct the journal entries (in summary form), excluding closing entries. (in Debits $117 Credits Cash S? Estimated revenues 70 54 Vouchers payable Appropriations Encumbrances Expenditures Reserved for encumbrances Fund balance-unassigned 58 ? 115 93 120 Revenue- Credit should be a $117 b. $115 c. $120