The One-Worksheet Conversion Adjustment to Reflect Debt Service Payments of $85,000

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