Remaining Time: 45 minutes, 14 seconds. Question Completion Status: A public school district formally adopted a budget with estimated revenues of $800 and approved expenditures of $780. Which of the following is the appropriate entry to record the budget? Debit Appropriations $780; Debit Fund balance $20, credit Estimated revenues 5800. Debit Encumbrances $780; Debit Fund balance 520, credit Estimated revenues $800. o Debit Estimated revenues 5800; credit Appropriations $780; credit Fund balance 520 Memorandum entry only QUESTION 36 In year 2017, a government was the recipient of a bequest of a piece of land that the government intends to sell. The piece of land had a historical cost of $850,000, and a fair value of $1,050,000. The city sold the within the availability period. The city should recognize on its governmental fund financial statements donations revenue of SO- $700,000 $850,000 51,050,000 QUESTION 37 Which of the following is considered part of the required supplementary information for general purpose external financial reporting of a local government? Fund financial statement Combining nonmajor fund statement Pension Notes to the financial statements Click to and submit to one and submit. Click Save All Answers to save all answer dtv