The City of Thomasville had the following debt outstanding:
General obligation bonds to be paid from a debt service fund $2,900,000
General obligation bonds to be paid from utility revenues $3,100,000
Revenue bonds to be paid from utility revenues $3,400,000
The amount that should be shown as debt in the utility enterprise) fund would be:

Question

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If payment is to be paid from enterprise revenues, the debt is reflected in the accounts of the enterprise fund. Debt for the utility would be $3,100,000 of general obligation bonds and $3,400,000 of Revenue bonds both to be paid from utility revenues. The General obligation bonds to be paid from a debt service fund would not be included.

The City of Thomasville Had the Following Debt Outstanding