6. A $5,000,000 issue of construction bonds was sold at par by the capital projects fund. Debt issuance costs included administrative fees of $45,000 and prepaid insurance costs of $5,000. Capital Projects Fund Record the issue of construction bonds. 6b Record the debt issuance costs. Governmental Activities Record the issue of construction bonds. 6d Record the debt issuance costs. 7. Due to an unexpected change in interest rates, a village issued a $2,500,000 bond at 98 percent of par value. The bond was issued to fund construction of a bike path, including restrooms and picnic shelters. It is expected that the shortage of cash will be covered by a future transfer from another fund. 7a Capital Projects Fund Record the issuance of bonds 7b Governmental Activities Record the issuance of bonds 8. A town secures a note payable in the amount of $150,000 to pay initial expenses for construction of a new police station. Town administrators plan to repay this note within three months with tax revenues. Capital Projects Fund 8a Record the issuance of Notes payable 8b Governmental Activities Record the issuance of Notes payable 9. A county secures a bond anticipation note in the amount of $500,000 to pay initial expenses for construction of a convention center. The board of county commissioners recommended that the finance department refinance the bond anticipation note by issuing a construction bond when construction activity begins. 9a Capital Projects Fund Record the issuance of Bond anticipation note 9b Governmental Activities Record the issuance of Bond anticipation note < Prev