The Village of Nathan has 43 employees who work in departments accounted for in the General Fund. As of the beginning of the fiscal year, the compensated absences liability associated with those employees was $52,300. None of this liability was due and payable at the end of the prior year. During the year, employees earned an additional amount of leave valued at $46,700. The compensated absences liability for the General Fund employees as of the end of the year was $59,800, of which $4,000 was due and payable at year-end. Assuming that General Fund payments for compensated absences during the year were $39,200, the General Fund would report expenditures for compensated absences for the fiscal year of

a. $39,200.

b. $43,200.

c. $46,700.

d. $54,200.

Record the following transactions in the General Fund General Ledger of a school district that uses the purchases method to account for materials, supplies, and prepayments. Record both the budgetary and actual entries. Assume that materials and supplies costing $37,000 were on hand at the beginning of the year and that a fund balance reserve is maintained.