Answer questions 1–15 with a yes (Y) or no (N) in the space provided. Answer questions 16–22 with the correct amount in the space provided. 1. Did recording budgetary accounts at the beginning of 2019...

Answer questions 1–15 with a yes (Y) or no (N) in the space provided. Answer questions 16–22 with the correct amount in the space provided.

1. Did recording budgetary accounts at the beginning of 2019 increase the fund balance by $300,000? _____________

2. Should the budgetary accounts for 2019 include an entry for the expected transfer of funds from the general fund to the capital projects fund? ____________