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A general fund makes payments to the debt service fund, as follows: * $4,000,000, as legally authorized in the budget, for payment of principal due
A general fund makes payments to the debt service fund, as follows:
* | $4,000,000, as legally authorized in the budget, for payment of principal due on general obligation debt |
* | $2,000,000, as legally authorized in the budget, for payment of interest due on general obligation debt |
* | $500,000 temporary transfer, to be paid back when the debt service fund receives funding from other sources |
The above transactions reduce the general fund's fund balanceunassigned by what amount?
Select one:
A. $6,000,000
B. $ 500,000
C. $6,500,000
D. $2,500,000
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