The following events occurred in the City of Boonebury during 2015.
?
a.On January 1, the city sells $600,000 of general obligation bonds at 101.The premium is to be used to pay interest.The bonds have a 6% stated interest rate and mature in 20XX.Interest is payable on July 1 and January 1.
b.On June 30, enough cash is transferred from the General Fund to service the bonds described in a.
c.A check is written to the fiscal agent handling the bonds on June 30.
d.Notification is received from the fiscal agent on August 1 that interest has been paid to the bondholders.
e.On September 30, enough cash is transferred from the General Fund to retire $150,000 of a serial bond issue plus $3,000 of interest.The cash is immediately forwarded to the fiscal agent.

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The Answer of The following events occurred in the City of Boonebury during 2015.
?
a.On January 1, the city sells $600,000 of general obligation bonds at 101.The premium is to be used to pay interest.The bonds have a 6% stated interest rate and mature in 20XX.Interest is payable on July 1 and January 1.
b.On June 30, enough cash is transferred from the General Fund to service the bonds described in a.
c.A check is written to the fiscal agent handling the bonds on June 30.
d.Notification is received from the fiscal agent on August 1 that interest has been paid to the bondholders.
e.On September 30, enough cash is transferred from the General Fund to retire $150,000 of a serial bond issue plus $3,000 of interest.The cash is immediately forwarded to the fiscal agent.

The Following Events Occurred in the City of Boonebury During