Matthew County issued a six-month, 6%, $1,000,000 bond anticipation note on March 31, 20X5, to provide temporary financing for a major general government capital project. The issuance of long-term bonds had not yet received the legally required voter approval when the financial statements were issued, but most agree the voters will approve the referendum.
However, in the event that the voters reject the long-term bond issue, the county has other sources it can use to finance the project.

The BANs were repaid when due from the proceeds of the bonds. The expenditures reported in the Capital Projects Fund for the repayment of the bond anticipation note principal and interest in the fiscal year ended June 30, 20X6, would be

a. $0.

b. $30,000.

c. $1,000,000.

d. $1,030,000.

e. None of the above.