The Wayne City Council approved and adopted its general fund budget for 2023. The budget contained the following amounts: Estimated revenues $70,000,000 Appropriations 66,000,000 Estimated transfers in 1,000,000 Estimated transfers out 6,000,000 During 2023, various transactions and events occurred which affected the general fund. The legal budgetary basis is used. Required For items 1-40, indicate whether the item should be debited (D), credited (C), or is not affected (N) in the general fund. a. Items 1-5 involve recording the adopted budget 1. Estimated revenues 2. Fund balance 3. Appropriations 4. Estimated other financing sources 5. Expenditures Answer b. Items 6-10 involve recording the 2023 property tax levy. It was estimated that $500,000 would be uncollectible. 6. Property taxes receivable 7. Bad debt expense 8. Allowance for uncollectibles 9. Revenues 10. Estimated revenues c. Items 11-15 involve recording encumbrances at the time purchase orders are issued. 11. Encumbrances 12. Fund balanceassigned 13. Expenditures 14. Accounts payable 15. Purchases d. Items 16-20 involve recording expenditures that had been previously encumbered in the current year. 16. Encumbrances 17. Fund balanceassigned 18. Expenditures 19. Accounts payable 20. Fund balanceunassigned