The following questions are independent although each is based on the preceding information. Assume that the government is preparing information for its fund financial statements. What is the balance in the Budgetary Fund Balance account for the budget for the year? Is it a debit or credit? Assume that new ambulance was received on December 31, 2020. Provide all necessary journal entries on that date. Prepare all journal entries that should have been made when the $33,000 transfer was made for the eventual payment of a long-term debt. What amount of revenue should the city recognize for the period? What are the total expenditures? Assume that 60 percent of the school supplies are used during the year so that 40 percent remain. The City of Tetris uses the consumption method. What journal entry or entries did the city prepare for the issuance of the bonds?

answer; blank(1); autonomous; blank(2) a wlan controller-based architecture;

answer; ///deficit;

answer; private store;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.