$11,600,000 was transferred from the General Fund to the DSF to finance one year's principal and interest...
Question:
Use the following abbreviations for the funds and nonfund accounts.
GF - General Fund
CPF - Capital Projects Fund
DSF - Debt Service Fund
GCA & GLTL - General Capital Asset & General Long Term Liability
Prepare the journal entry:
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Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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