Ashley Woods Village paid $1,000,000 principal and $200,000 interest on its general obligation bonds that it issued to finance widening of a local thoroughfare. This transaction will most likely

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The payment of both principal and interest on general obligation bonds is typically recorded in the Debt Service Fund, reducing its fund balance by the total amount paid, which is $1,200,000.

Ashley Woods Village Paid $1,000,000 Principal and $200,000 Interest on Its