Business, 27.02.2020 02:02, Bg88860709
The General Fund of the City of Castle Rock transfers $115,000 to the debt service fund for a $100,000 bond principal and $15,000 interest payment. Subsequent payment of the principal and interest would include:
-> A debit to Expenditures β Bond Interest in the debt service fund.
A debit to Other Financing Uses β Principal and Interest Payments in the debt service fund.
A debit to Interest Expenditures in the General Fund.
A debit to Interest Expenditures in the governmental activities accounts.
Answers: 2
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The General Fund of the City of Castle Rock transfers $115,000 to the debt service fund for a $100,0...
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