Use the Following Information to Answer Bellow Questions
Bellow

Multiple Choice

Use the following information to answer bellow Questions
bellow is the preclosing trial balance of a town's general fund at year-end:
$$\begin{array} { | l | r | r | } \hline & { \text { Dr } } & { \text { Cr } } \\\hline \text { Cash } & {\$ 8,000 } & \\\hline \text { Property taxes receivable, net } & 35,000 & \\\hline \text { Estimated revenues } & 1,000,000 & \\\hline \text { Estimated other financing sources } & 15,000 & \\\hline \text { Operating expenditures } & 1,003,000 & \\\hline \text { Accounts payable } & & 40,000 \\\hline \text { Appropriations } & & 1,005,000 \\\hline \text { Property tax revenues } & & 989,000 \\\hline \text { Bond proceeds } & & 15,000 \\\hline \text { Fund balance-unassigned } & & 12,000 \\\hline & \underline { \mathbf { \$ 2 , 0 6 1 , 0 0 0 } } & \underline { \mathbf { \$ 2 , 0 6 1 , 0 0 0 } } \\\hline\end{array}$$
-What was the credit balance in fund balance-unassigned at the beginning of the year, before the budget entry was made?

A) $14,000
B) $ 7,000
C) $ 2,000
D) $12,000