Expenditures of $200,000 were made during the year on the fire station in the previous question. This transaction requires accounting recognition in the

a. General Fund. 

b. Capital Projects Fund. 

c. Capital Projects Fund and the General Capital Assets and General Long-Term Liabilities accounts. 

d. General Capital Assets and General Long-Term Liabilities accounts 

e. None of the above.

Data from previous Question

• A municipality’s issuance of general obligation serial bonds to finance the construction of a
  fire station requires accounting recognition in the 
• General Fund.
  Capital Projects and General Funds.
  Capital Projects Fund and the General Capital Assets and General Long-Term Liabilities accounts.
• General Fund and the General Capital Assets and General Long-Term Liabilities accounts.
  none of the above.