A New Computer, Which Had Been Estimated to Cost $28,000

Multiple Choice

A new computer, which had been estimated to cost $28,000, was received for an activity of a special revenue fund. The actual cost of the computer was $29,400. To record this in the special revenue fund,

A) Capital assets should be debited for $29,400.
B) Expenditures should be debited for $28,000.
C) Expenditures should be debited for $29,400.
D) There is no entry in the special revenue fund. The General Capital Assets account should be debited for $28,000.