Ledford County Issued $2,000,000 of General Obligation Bonds for the Construction

Ledford County issued $2,000,000 of general obligation bonds for the construction of a new recreation center. The bonds were sold at a 1% discount and the county incurred $150,000 in underwriter's fees, both of which were withheld from the settlement proceeds. The journal entry required in the Capital Projects Fund for the issuance of the bonds would be $\begin{array}{|c|l|c|c|}\hline & & \text { Debit } & \text { Credit } \\\hline \text { A } &\text { Cash } & \$ 2,000,000 \\&\text { Other Financing Sources }&& \$ 2,000,000 \\\hline \text {B} & \text { Cash }& \$ 1,830,000 \\&\text { Other Financing Sources }&& \$ 1,830,000 \\\hline \text { C. } & \text { Cash } &\$ 1,850,000\\&\text { Expenditures }&150,000 \\&\text { Other Financing Sources - Bonds }&&\$ 1,980,000 \\&\text { Other Financing Sources - Discount }&&20,000\\\hline \text { D. } &\text { Cash } &\$ 1,830,000 \\&\text { Expenditures - Underwriter Fees } &150,000 \\&\text { Other Financing Uses - Discount } &20,000\\&\text { Other Financing Sources - Bonds }&& \$ 2,000,000\\\hline\end{array}$