Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Broadus County Courthouse Bonds

Question:

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Broadus County Courthouse Bonds Debt Service Fund for 20X6, given the following information:

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The next debt service payment is the semiannual interest payment that matures on March 31, 20X7. The county plans to meet that payment with dedicated resources already in the Debt Service Fund at December 31, 20X6.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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Question Posted: Feb 24, 2024 05:00 AM

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Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Broadus County Courthouse Bonds

Question:

Fund balance, January 1, 20X6 Interest revenue.. Decrease in fair value of investments Bond principal retirement .... Bond interest matured and paid Fiscal agent fees .. Property tax revenues Transfer from General Fund $1,500,000 80,000 5,000 5,000,000 1,200,000 75,000 3,065,000 5,250,000

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Governmental And Nonprofit Accounting Theory And Practice

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