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issued 30 year bonds for the purpose of building a new library. The proceeds of the bond are deposited in the General Fund. For the

issued 30 year bonds for the purpose of building a new library. The proceeds of the bond are deposited in the General Fund. For the Governmental Fund financial statements, in what fund will Bonds Payable appear ?

A.) General Fund
B.) Internal Service Fund
C.) Permanent Fund
D.) Debt Service Fund
E.) Bonds Payable do not appear On Governmental Fund Financial Statements

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