1a.)

A special tax was levied by Culver City to retire and pay interest on general obligation bonds that were issued to finance the construction of a new city hall. Where are the receipts from the tax recorded?

A.)Capital projects fund

B.)Special Revenue Fund

C.)Debt Service Fund

D.) General Fund

E.) None of the Above

1b.)

The amount owed on the principal of the bond issued to finance the cost of a new firehouse would be recorded as a liability in which of the following funds?

A.) General fund

B.) Special Revenue Fund

C.) Capital projects fund

D.) Debt Service fund

1c.)

The city of New Easton constructed a convention center. After completion of the project, the convention center should be recorded as an asset in which of the following funds?

A.) General fund

B.) Special Revenue Fund

C.) Capital projects fund

D.) Debt Service fund