Question
he following journal entries on the dates indicated related to 10 year bonds. 12/31/ year 5 Capital Projects Fund Cash 2,828,000 Other Financing Sources -
he following journal entries on the dates indicated related to 10 year bonds.
12/31/ year 5
Capital Projects Fund
Cash
2,828,000
Other Financing Sources - Proceeds from Bonds
2,800,000
Other Financing Sources - Bond Premium
28,000
12/31/ year 5
Debt Service Fund
Expenditures: Bond Principal
280,000
Expenditures: Bond Interest
168,000
Cash
448,000
Required:Prepare the worksheet journal entries for year 5 related to the above information
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Fundamentals Of Advanced Accounting
Authors: Joe Ben Hoyle
8th Edition
1260575926, 978-1260575927
