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[Para. 4-a-3] The General Fund transferred $38,750 to the Street Improvement Bond Debt Service Fund to assist with interest payments due on July 1, 2023
[Para. 4-a-3] The General Fund transferred $38,750 to the Street Improvement Bond Debt Service Fund to assist with interest payments due on July 1, 2023 and January 1, 2024.
Required: Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities. Do not record this transaction in the Street Improvement Bond Debt Service Fund until instructed to do so in Chapter 6 of this case.
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