a. Analyze the effects of each of the following transactions on the accounting equations of any fund or non-fund accounts of Floro County affected by the transaction. (Record any interest accruals that Floro would be required to make at year end.) b. Also, indicate if and how each transaction would be reported in the operating statement of each of the affected funds. Be specific. Example: Cash received for licenses during 20X0, K8,000. Answer: Governmental Funds General Capital Assets and General Long-Term Liabilities Accounts No. Fund FA RL = FB GCA GLTL = NP E. GF K8,000 K8,000 GF = General fund Revenues of K8,000 reported in GF. 1. Floro County issued K5,000,000 of general obligation, 6 percent bonds on November 1, 20X0. Bond interest is payable semiannually on April 30 and October 31. The bonds mature in 20 years. December 31 is the end of the county fiscal year. The bonds were issued to finance construction of a new jail annex. 2. The county paid K4,000,000 to Jailbird Construction Company during November and December 20X0 for construction costs incurred on the jail annex. Jailbird billed Floro County another K900,000 upon completion of the jail on December 30, 20X0. 3. The Floro County board of supervisors voted to set the unused Jail Annex Bonds proceeds aside for future principal and interest payments on the bonds. This action complied with a requirement of the bond indenture and was accomplished on December 31, 20X0, in accordance with the boards directive. 4. The county purchased new furnishings for the jailhouse annex. The total cost of K500,000 was paid from unrestricted resources. 5. The county water and sewer department provides services to county residents at a charge that is established at a level intended to recover the costs of providing the goods and services. If the charges prove inadequate, the county subsidizes operations from unrestricted county resources. The county water and sewer department borrowed K5,000,000 by issuing 6 percent revenue bonds on November 1, 20X0. Bond interest is payable semiannually on April 30 and October 31. The bonds mature in 20 years. The bonds were issued to finance construction of a new water treatment plant. 6 | P a g e M W S B S B A C 321 G & N F P A 2 0 2 0 6. The county made the first semiannual interest payment on the jail bonds at the due date,