The $\textbf{ one-worksheet }$

The $\textbf{ one-worksheet }$ conversion adjustment to reflect debt service payments of $85,000 ($55,000 principal; $30,000 interest) by a governmental fund would be $\begin{array}{llr}&&\text { Debit }&\text {Credit }\\ \text {A. } & \text { Debt Service Expense } &\$85,000\\ &\text { Net Position} &&\$85,000\\\\ \text { B. } & \text {Bonds Payable } &\$55,000\\ &\text { Cash } &&\$55,000\\\\ \text { C. } & \text { Bonds Payable }&\$55,000\\ &\text { Debt Service Expenditures - Principal } &&\$55,000\\ \\ \text {D. } & \text { Bonds Payable} &\$85,000\\ &\text { Debt Service Expenditures - Principal } &&\$85,000\\\end{array}$