14) When a city plans to build a fire station by issuing long-term debt, it could obtain money to (4pt start construction before the bonds are sold by selling old fire trucks. issuing Bond Anticipation Notes issuing Tax Anticipation Notes. B borrowing from the pension trust fund. 15) In a Capital Projects Fund, when a contract is signed with a contractor to construct a fixed (4pt asset, the amount of the contract is: credited to Other Financing Sources. credited to Contracts Payable. U debited to Expenditures. debited to Encumbrances. 16) Utilizing serial bonds to raise long term resources is preferred in debt service funds (4pts) because: the face value becomes due at one time at a more distant maturity date. a serial bonds do not require a substantial accumulation of money in a sinking fund. D it assists in the budgeting process. the primary function is to account for fixed asset acquisitions. 17) In a Debt Service fund: (4pts)