A county accounts for its debt service payments in the General Fund. The amount of unmatured, unpaid interest on general long-term liabilities at the beginning of the year was $122,000. The ending balance was $165,000. The General Fund also made principal payments of $600,000 and interest payments of $150,000 during the year. The General Fund should report expenditures for debt service for the year of

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The General Fund should report expenditures for debt service for the year of $750,000. This is calculated as the sum of the principal payments ($600,000) and the interest payments ($150,000).

A County Accounts for Its Debt Service Payments in the General