When bonds are sold to construct a capital asset through a capital projects fund, an entry would be made to debit Cash and credit Bonds Payable in the capital projects fund.

Name: When bonds are sold to construct a capital asset through a capital projects fund, an entry would be made to debit Cash and credit Bonds Payable in the capital projects fund.
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The journal entry would be a debit to Cash and a credit to Other Financing sources - Proceeds of Bonds in the capital projects fund.

When Bonds Are Sold to Construct a Capital Asset Through