When the County makes the transfer the entry in the debt service fund should be
A) Debit Cash; Credit Revenue.
B) Debit Cash; Credit Other Financing Sources.
C) Debit Cash; Credit Interest Payable.
D) Debit Cash with Fiscal Agent; Credit Other Financing Sources.
Correct Answer:
Verified
Q4: In contrast to the accounting for debt
Q14: Capital projects funds do not report long-term
Q18: In which fund type would a governmental
Q19: The resources to service all long-term debts
Q21: Sue City has outstanding $5 million in
Q23: The entry in the capital project fund
Q24: In the debt service fund
A)Debit Cash $100.000;
Q26: Previously Atomic City had issued bonds with
Q27: A City issued bonds for the purpose
Q50: The City of St.Joe had outstanding $5
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