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2% tax supported bond with face amount of 5000000 is approved in 2019. Bonds mature in blocks of 125000 over a 20 year period (40
2% tax supported bond with face amount of 5000000 is approved in 2019. Bonds mature in blocks of 125000 over a 20 year period (40 semi annual payments). Bonds were issued on January 1, 2020 for 5090750. The face amount was deposited in the Construction Fund. Make the Construction Fund and Government activity journal entries
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