Estimated Revenues Are $4,500,000,and Appropriations Are $4,000,000,the Journal Entry for the Budget

Multiple Choice

Estimated Revenues are $4,500,000,and Appropriations are $4,000,000,the journal entry for the budget must include a:

A) Debit to Budgetary Fund balance for 500,000
B) Debit to Encumbrances for 500,000
C) Credit to Budgetary Fund balance for 500,000
D) Credit to Budgetary Fund Balance -- Reserve for Encumbrances for 500,000