A new computer, which had been estimated to cost $28,000, was received for an activity of a special revenue fund. The actual cost of the computer was $29,400. To record this in the special revenue fund,

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The actual cost of the computer was $29,400, which should be recorded as an expenditure in the special revenue fund. Option A is incorrect because it assumes that the estimated cost was the actual cost. Option B is incorrect because it only records the estimated cost and not the actual cost. Option D is incorrect because the special revenue fund purchased the computer, not the general capital assets account.

A New Computer, Which Had Been Estimated to Cost $28,000