Charges for services rendered by a county's General Fund departments totaled $500,000, of which $5,500 is expected to be uncollectible. The county expects to collect $494,500 by year-end. To reflect this information, the county should record General Fund revenues of

a. $500,000 and General Fund expenses of $5,500.

b. $500,000 and General Fund expenditures of $5,500.

c. $500,000 and no General Fund expenses or expenditures.

d. $494,500 and no General Fund expenses or expenditures.

e. None of the above. The correct answer is