1 A city maintains its books and records in a manner that facilitates the preparation of its fund financial statements In order to fund the purchase of new buses, the city issued $800,000 in 6 percent revenue bonds The bonds were issued at par What journal entry(ies) should be recorded a) Debit Restricted Cash Buses $800,000 Credit Revenue Bonds Payable $800,000 Ob) Debit Restricted Cash Buses $800,000 Credit Bonds Payable $800,000 c) Debit Cash $800,000 Credit Revenue Bonds Payable $800,000 d) Debit Cash $800,000 Credit Bonds Payable $800,000 e) Debit Restricted Cash Buses $800,000 Credit Revenue Bonds Payable $800,000 AND Debit Net Position $800,000 Credit Restricted Net Position Restricted Cash $800,000

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1  A city maintains its books and records in a manner that facilitates the preparation of its fund financial statements  In order to fund the purchase of new buses, the city issued $800,000 in 6 percent revenue bonds  The bonds were issued at par  What journal entry(ies) should be recorded  a) Debit Restricted Cash   Buses $800,000  Credit Revenue Bonds Payable $800,000 Ob) Debit Restricted Cash   Buses $800,000  Credit Bonds Payable $800,000 c) Debit Cash $800,000  Credit Revenue Bonds Payable $800,000 d) Debit Cash $800,000  Credit Bonds Payable $800,000 e) Debit Restricted Cash   Buses $800,000  Credit Revenue Bonds Payable $800,000 AND Debit Net Position $800,000  Credit Restricted Net Position Restricted Cash $800,000

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1. A city maintains its books and records in a manner that facilitates the preparation of its fund financial statements. In order to fund the

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