The proceeds from a bond issuance for the construction of a new public school should be recorded in the ________ fund at the time the bonds are sold.At the time of the bond issue,the debit is to cash and the credit is to ________.

Question

Quizplus · Accepted Answer

The proceeds from a bond issuance for the construction of a new public school should be recorded in the capital projects fund at the time the bonds are sold. At the time of the bond issue, the debit is to cash and the credit is to other financing sources. So, option D is the correct answer.

The Proceeds from a Bond Issuance for the Construction of a New