The general fund of Athens ordered computer equipment on December 1, 20X8, for $32,000. The order was appropriately encumbered on this date. Athens received the computer equipment on January 25, 20X9, and issued a voucher to pay the vendor $32,400. Athens uses the calendar year for reporting, and all outstanding encumbrances lapse at year-end. Athens' governing board honors all outstanding encumbrances by including them in the following year's appropriations. On January 25, 20X9, the general fund of Athens should debit:
A. Fund Balance-assigned for Encumbrances for $32,400.
B. Expenditures for $32,400.
C. Encumbrances for $32,000.
D. Expenditures-20X8 for $32,400.
Answer: B
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