The entry in the capital project fund to record the receipt of the bond proceeds would be
A) Debit Cash $9.5 million; Credit Bonds Payable $9.5.
B) Debit Cash $9.5 million; Credit Other Financing Sources $9.5.
C) Debit Cash $9.5 million and Expenditures $.5 million; Credit Bonds Payable $10 million.
D) Debit Cash $9.5 million and Expenditures $.5 million; Credit Other Financing Sources $10.
Correct Answer:
Verified
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