Elm City Issued a Purchase Order for Supplies with an Estimated

Multiple Choice

Elm City issued a purchase order for supplies with an estimated cost of $5,000.When the supplies were received,the accompanying invoice indicated an actual price of $4,950.What amount should Elm debit (credit) to the budgetary fund balance account after the supplies and invoice were received?

A) $4,950
B) ($50)
C) $50
D) $5,000