[Para. 6-a-2] On February 1, 2023, the premium and accrued interest on bonds sold were received by the Street Improvemen
Posted: Sat May 07, 2022 8:29 pm
[Para. 6-a-2] On February 1, 2023, the
premium and accrued interest on bonds sold were received by the
Street Improvement Bond Debt Service Fund. (See Transaction 5-a-2
in the Street Improvement Fund.)
Required: Record this transaction in the
debt service fund. No entry is required at this time in the
governmental activities general journal since the bond issue,
including the related premium and accrued interest, was recorded in
the governmental activities general journal in transaction
5-a-2.
premium and accrued interest on bonds sold were received by the
Street Improvement Bond Debt Service Fund. (See Transaction 5-a-2
in the Street Improvement Fund.)
Required: Record this transaction in the
debt service fund. No entry is required at this time in the
governmental activities general journal since the bond issue,
including the related premium and accrued interest, was recorded in
the governmental activities general journal in transaction
5-a-2.