The city of Brittainville's Special Revenue Fund 6 levied 350,000 ...

[leilurhhh]

The city of Brittainville's Special Revenue Fund 6 levied 350,000 in taxes, of which 1 was expected to be uncollectible; the balance is expected to be collected during the current year.
 
  During the year, the fund also collected  7,500 of interest revenue and transferred 50,000 from the General Fund. As a result of these transactions fund balance will increase by
  a. 407,500
  b. 404,000
  c. 357,500
  d. 354,000
  e. 400,000

Question 2

The assets and liabilities of the company are 128,000 and 84,000, respectively. Owner's equity should equal
 a. 212,000
  b. 44,000
  c. 128,000
  d. 84,000

[jaaaaaaa]

Answer to Question 1

B

Answer to Question 2

b

[leilurhhh]

TYSM

[peter]

Gracias!