Ledford County issued $2,000,000 of general obligation bonds for the construction of a new recreation center. The bonds were sold at a 1% discount and the county incurred $150,000 in underwriter's fees, both of which were withheld from the settlement proceeds. The journal entry required in the Capital Projects Fund for the issuance of the bonds would be

\begin{array}{|c|l|c|c|}\hline & & \text { Debit } & \text { Credit } \\\hline \text { A } &\text { Cash } & \$ 2,000,000 \\&\text { Other Financing Sources }&& \$ 2,000,000 \\\hline \text {B} & \text { Cash }& \$ 1,830,000 \\&\text { Other Financing Sources }&& \$ 1,830,000 \\\hline \text { C. } & \text { Cash } &\$ 1,850,000\\&\text { Expenditures }&150,000 \\&\text { Other Financing Sources - Bonds }&&\$ 1,980,000 \\&\text { Other Financing Sources - Discount }&&20,000\\\hline \text { D. } &\text { Cash } &\$ 1,830,000 \\&\text { Expenditures - Underwriter Fees } &150,000 \\&\text { Other Financing Uses - Discount } &20,000\\&\text { Other Financing Sources - Bonds }&& \$ 2,000,000\\\hline\end{array}

A Governmental Entity Issued General Obligation Bonds with a Face

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