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How to solve The Village of Hawksbill issued $ 4 , 4 0 0 , 0 0 0 in 5 percent general obligation, tax -
How to solve The Village of Hawksbill issued $ in percent general obligation, taxsupported bonds on July at a premium percent. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest p dates are December and June The first of annual principal payments will be made on June Hawksbill has a calendar fiscal year. A capital projects fund transferred the premium to the debt service fund. On December funds in the amount of $ were received from the General Fund, and the first interest payment made. The books were closed for On June funds in the amount of $ were received from the General Fund, and the second interest payment $ was made along with the first principal pyment $ On December funds in the amount of $ were received from the General Fund, and the third interest paymer made also in the amount of $ The books were closed for Required: a Prepare journal entries to record the events above in the debt service fund. b Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December c Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December
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The Village of Hawksbill issued $ in percent general obligation, taxsupported bonds on July at a premium percent. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest p dates are December and June The first of annual principal payments will be made on June Hawksbill has a calendar fiscal year.
A capital projects fund transferred the premium to the debt service fund.
On December funds in the amount of $ were received from the General Fund, and the first interest payment made.
The books were closed for
On June funds in the amount of $ were received from the General Fund, and the second interest payment $ was made along with the first principal pyment $
On December funds in the amount of $ were received from the General Fund, and the third interest paymer made also in the amount of $
The books were closed for
Required:
a Prepare journal entries to record the events above in the debt service fund.
b Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December
c Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December
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