A city has a General Fund and an Enterprise Fund. During the final month of its fiscal year, the city used electricity of $1,000 with $800 attributable to activities accounted for in the General Fund...

Extracted text: A city has a General Fund and an Enterprise Fund. During the final month of its fiscal year, the city used electricity of $1,000 with $800 attributable to activities accounted for in the General Fund and $200 attributable to activities accounted for in an Enterprise Fund. The city does not receive its electric bill from the utility until the third day of the first month of its next fiscal year. The city's practice is to pay its bills within two weeks of their receipt. What account(s) and amounts would be debited in the General Fund and Enterprise Fund, if any, to record the use of electricity at its fiscal year-end? Select one: a. The General Fund would make no entry, and the Enterprise Fund would debit, Utilities expense, for $200. b. Neither the General Fund nor the Enterprise Fund would make an entry at the city's fiscal year-end. c. The General Fund would debit, Cash, for $800, and the Enterprise Fund would debit, Cash, for $200. d. The General Fund would debit, Expenditures, for $800, and the Enterprise Fund would debit, Utilities expense, for $200.