2 Principal of $500,000 and interest of $25,000 are paid on general obligation debt This debt was not used to finance capital assets Fund financial statements 2 A Which fund is the transaction recorded in (Capital projects fund custodial fund debt service fund general fund pension trust fund special revenue fund NA) Journal Entries Description Debit Credit Expenditures principal Answer Answer Answer 2 B Government wide statements Item(s) is are reported as (business type government type NA) Journal Entries Description Debit Credit Long term general obligation debt Answer Answer Answer Accounts are listed below I tend to get answers not including these accounts so I am reposting question Additions, bond proceeds, bonds payable, capital assets net, cash, deductions, expenditures capital outlay, expenditures interest, gain on sale of capital assets, interest expense, investments, liabilty to town for property taxes, loss on sale of capital assets, net investment in capital assets, proceeds from sale of capital assets, revenues, restricted net position, unrealized gains on investments, unrestricted net postion, no entry

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2. Principal of $500,000 and interest of $25,000 are paid on general obligation debt. This debt was not used to finance capital assets. Fund financial

2. Principal of $500,000 and interest of $25,000 are paid on general obligation debt. This debt was not used to finance capital assets.

Fund financial statements:

2.A

Which fund is the transaction recorded in? (Capital projects fund/custodial fund/debt service fund/general fund/pension trust fund/ special revenue fund/NA)

Journal Entries

Description Debit Credit

Expenditures: principal Answer

Answer

2.B

Government-wide statements:

Item(s) is/are reported as (business type/government type/NA)

Journal Entries

Description Debit Credit

Long-term general obligation debt Answer

Answer

Accounts are listed below I tend to get answers not including these accounts so I am reposting question:

Additions, bond proceeds, bonds payable, capital assets net, cash, deductions, expenditures - capital outlay, expenditures: interest, gain on sale of capital assets, interest expense, investments, liabilty to town for property taxes, loss on sale of capital assets, net investment in capital assets, proceeds from sale of capital assets, revenues, restricted net position, unrealized gains on investments, unrestricted net postion, no entry