If the state of washington's government collects $75 billion in tax revenues and total spending in the same year is $74.8 billion, the result will be a:
a. budget deficit.
b. budget surplus.
c. a decrease in the payroll tax.
d. a decrease in proportional taxes.

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.

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