1. An annual repayment of principal on a serial bond should be reported in a Debt Service fund as:

	A.	An expenditure
	B.	An Other Financing Use
	C.	A reduction in Bonds Payable
	D.	A direct charge to the fund balance

2. Which of the following accounts would you least expect to see in a debt service fund?

	A.	Outstanding balance of debt being serviced
	B.	Expenditure - Interest
	C.	Expenditure - Principal
	D.	Cash