Essay
A $960,000 bond was issued on October 1, 2021 to build a new road. The bonds carried a 7% 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 governmental fund financial statements.(B.) Prepare the required journal entry for the government-wide financial statements.
Correct Answer:
Verified
Correct Answer:
Verified
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