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Assume that the City of Tampa uses the fund financial statements. The City of Tampa uses the general fund, a capital project fund, and a

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Assume that the City of Tampa uses the fund financial statements. The City of Tampa uses the general fund, a capital project fund, and a special revenue fund. During 2020, the City engaged in the following transactions. Record all transactions. Be sure to clearly indicate the fund in which the entry is made. a. The City sold bonds, face value $22 million, at par to finance the construction of anew City Hall b. The City purchased two new police cars at the cost of $60,000 cach. c. The City collected $16,000 in taxes dedicated for the eradication of noxious weeds. d. The City spent $6,000 on pesticides for noxious weeds. e. The City acquired a new tractor for $75,000. The City paid $20,000 in cash and signed a $55.000 note which is due in three years. ce 2 ASS I = 1 A - B

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