A Governmental Entity Issued Bond Anticipation Notes BANs During the Year

Multiple Choice

A governmental entity issued bond anticipation notes BANs during the year for a major capital project. The BANs were refinanced with long-term general obligation bonds before the end of the fiscal year. The journal entry to record the retirement of the BANs in the Capital Projects Fund the governmental entity should include

A) Other financing sources.
B) A fund liability.
C) Revenues.
D) Other financing uses.