a state university contracts for repair services that it estimates will cost $6,000. to commit the funds to meet anticipated expenditure: debit-encumbrances $6,000 credit-reserves for encumbrances $6,000 at the end for the first year-the start of the second-the university had $2,000 of outstanding commitments for repairs, in other words, only $2,000 of the $6,000 repairs were completed. the entry to shows the commitment for repair from last year at the beginning of the second year would be: credit-fund balance-unassigned $4,000 and debit-encumbrances $4,000 correct incorrect correct but the $ amount is off just the account description is incorrect