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The Following Information Pertains to the Richardson County General Fund

Question 19

Multiple Choice

The following information pertains to the Richardson County General Fund:
 Expenditures $12,800 Revenues 9,200 Long-term bond issue proceeds 1,000 Short-term note principal retirements 250 Operating transfers to other funds 75\begin{array}{lr}\text { Expenditures } & \$ 12,800 \\\text { Revenues } & 9,200 \\\text { Long-term bond issue proceeds } & 1,000 \\\text { Short-term note principal retirements } & 250 \\\text { Operating transfers to other funds } & 75\end{array}
The change in fund balance for Richardson County's General Fund for the year is a


A) $2,600 decrease.
B) $2,675 decrease.
C) $2,925 decrease.
D) $3,600 decrease.

Correct Answer:

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