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On October 1 2019, the City of Thomasvillessed 55.000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City

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On October 1 2019, the City of Thomasvillessed 55.000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of 54,968.750 was used to construct the addition, which was completed prior to June 30, 2020. The remaining funds were transferred to the debt service fund. The bonds were dated October 1 2019, and paid interest on April 1 and October 1. The first of 20 annual principal payments of $250.000 is due October 1, 2020. The fiscal year for Thomasville is July 1 - June 30, In addition to a $5.000.000 ability in the government wide Statement of Net Position, how would the bond sale be reported? Multiple Choice As 55.000.000 other financing source in the capital projects fund. a $50,000 other financing source in the debt service fund, and as a $5,000,000 liability in the O O s 5.050.000 omer financing source in the capital projects fund, a 550.000 other financing use in the capital projects fund, and a $50,000 other financing source in the debe service fund O o As S.968750 revenue in the capital projects fund and a $50.000 revenue in the debt service fund O As a 5.000.000 revenue in the capital projects fund, 550,000 revenue in the debt service und and a 55.000.000 expenditure in the debt service und O

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