Following is a list of selected transactions for the City of Andrew:
a.The city issued $750,000 in term bonds. The bonds sold at 102.
b.After the payment of interest, the city transferred $100,000 from the General Fund to retire serial bonds.
c.The bonds in b are retired.Required:Make the necessary journal entries in the funds and account groups affected except the Debt Service Fund.

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The Answer of Following is a list of selected transactions for the City of Andrew:
a.The city issued $750,000 in term bonds. The bonds sold at 102.
b.After the payment of interest, the city transferred $100,000 from the General Fund to retire serial bonds.
c.The bonds in b are retired.Required:Make the necessary journal entries in the funds and account groups affected except the Debt Service Fund.

Following Is a List of Selected Transactions for the City