Question
A state in the USA issues a $10,000,000 bond, recording the funds from the bond in the capital projects fund. 1. Debit building, credit other
A state in the USA issues a $10,000,000 bond, recording the funds from the bond in the capital projects fund.
1. Debit building, credit other financial sources
2. Debit cash, credit other financing sources
3. Debit cash, credit bond payable
4. Debit A/P, credit cash
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Financial Accounting
Authors: Kermit D. Larson, Paul B. W. Miller
5th Edition
0256091935, 978-0256091939
