The Proceeds from a Bond Issuance for the Construction of a New

Multiple Choice

The proceeds from a bond issuance for the construction of a new public school should be recorded in the ________ fund at the time the bonds are sold.At the time of the bond issue,the debit is to cash and the credit is to ________.

A) capital projects; revenues
B) general; bonds payable
C) general; other financing sources
D) capital projects; other financing sources