The General Fund of the City of Castle Rock Transfers

Multiple Choice

The General Fund of the City of Castle Rock transfers $115,000 to the debt service fund for a $100,000 bond principal and $15,000 interest payment. Subsequent payment of the principal and interest would include:

A) A debit to Expenditures - Bond Interest in the debt service fund.
B) A debit to Other Financing Uses - Principal and Interest Payments in the debt service fund.
C) A debit to Expenditures - Bond Interest in the General Fund.
D) A debit to Interest Expenditures in the governmental activities accounts.