PLEASE answer all FOUR questions

7. Which of the following is most accurate regarding Capital Projects Funds? (1pt) A) A major source of funding for capital projects funds is the issuance of long-term debt. B) Capital project funds only exist for the duration of the project for which it is created. C) Capital Project funds use the Modified Accrual Basis of Accounting. D) All of the above are true. 8. Employees working at City Hall earned $200,000 for the period ending 12/31/20. The salaries were paid on 1/15/21. What is the entry for the government for 12/31/20? (1 pt) A) Debit Payroll Expense; Credit Accrued Wages B) Debit Payroll Expenditure; Credit Accrued Wages C) Debit Accrued Wages; Credit Payroll Expenditure D) No entry is recorded at 12/31/20 9. A capital projects fund is used to record the payment of debt issued to build a new courthouse. True or False? (1pt) 10. Proceeds from the issuance of a bond for a new City Hall would be shown as Other Financing Sources on the Statement of Revenues, Expenditures and Changes in Fund Balances? True or False? (1pt)