E$4-2($Multiple Choice$)$ Identify the best answer to each question.

A city levies property taxes of $$500,000$ for its General Fund for a year and expects to collect all except the estimated uncollectible amount of $$5,500$ by year end. To reflect this information, the city 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.