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A 910000 bond was issued on october 1 2013 to build a new

Question - A $910,000 bond was issued on October 1, 2013 to build a new road. The bonds carried a 6% interest rate and are due in 10 years.

Required:

(A) Prepare the required journal entry in the Capital Projects Fund on October 1 for the Fund Financial Statements.

(B) Prepare the required journal entry for the Government-Wide Financial Statements.

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Accounting Basics: A 910000 bond was issued on october 1 2013 to build a new

Reference No:- TGS02885743

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Accounting Basics: A 910000 bond was issued on october 1 2013 to build a new

Reference No:- TGS02885743

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