In the current fiscal year,Casper County issued $10,000,000 in general obligation term bonds at 102 for construction of a new county complex.The county is required to use any accrued interest or premiums for servicing the debt issue.
a.Prepare journal entries to record the bond issuance at the fund and government-wide levels?
b.How would the bond issue be reported in the fund financial statements and the government-wide financial statements?
c.What effect,if any,do interest payments have on the carrying value of the bond issue as reported in the financial statements?

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The Answer of In the current fiscal year,Casper County issued $10,000,000 in general obligation term bonds at 102 for construction of a new county complex.The county is required to use any accrued interest or premiums for servicing the debt issue.
a.Prepare journal entries to record the bond issuance at the fund and government-wide levels?
b.How would the bond issue be reported in the fund financial statements and the government-wide financial statements?
c.What effect,if any,do interest payments have on the carrying value of the bond issue as reported in the financial statements?

In the Current Fiscal Year,Casper County Issued $10,000,000 in General