On January 4, 2020, the City of Westover authorized a $1 million bond issue for the renovation of a community
center building. On May 3, the bonds were issued at 101, and the additional amount received was transferred to the debt service fund. The renovation occurred in the fall of 2020, at a cost of $1 million. On September 10, the general fund transferred $15,000 to the debt service fund for payment of interest on the bonds. On November 1, the debt service fund paid the semiannual interest of $15,000 on the bonds.
Required
Record all necessary entries in the capital projects fund, the general fund, and the debt service fund, for the above information.
(Drop down options are as follows) Appropriations, Bonds Authorized – unissued, Bonds Proceeds, Capital Outlay, Cash, Expenditure Interest, Transfer in, Transfer out.
“WE’VE HAD A GOOD SUCCESS RATE ON THIS ASSIGNMENT. PLACE THIS ORDER OR A SIMILAR ORDER WITH HOMEWORK AIDER AND GET AN AMAZING DISCOUNT”
The post the capital projects fund appeared first on Homeworkaider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
