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Please complete #11-13 11. [Para. 6-b-11] Interest on temporary investments was received in cash in the amount of $9,500. 12. [Para. 6-b-12] Cash to close

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11. [Para. 6-b-11] Interest on temporary investments was received in cash in the amount of $9,500. 12. [Para. 6-b-12] Cash to close the City Hall Annex Construction Fund was received in the amount of $242,000. (See Chapter 5, Para. 5-a-15). 13. [Para. 6-b-13] At December 31, 2023, accrued interest expense on the outstanding bond issue was recorded in the governmental activities general journal. Amortization of the premium on the 2% bonds sold was also recorded in the amount of $1,000. The total interest payable to be accrued is $40,000. Verify the accuracy of journal entries, including dates and paragraph numbers, and, if you have not already done so, post all entries to the general ledger of both the debt service fund and governmental activities by clicking on [Post Entries]. Make the entries needed to close the budgetary and operating statement accounts at the end of fiscal year 2023. Make this entry only in the journal for the debt service fund. Be sure for each account being closed that the check mark for [Closing Entry] is on and that "Closing Entry" appears in the [Description] box. [Note: Closing entries for governmental activities at the governmentwide level will be made in Chapter 9 of this cumulative problem.] Review your trial balance for reasonableness. You should have no tax receivables-current, and there should be no allowance that isn't linked to a receivable. You should also have no negative balances. There shoul be NO temporary accounts on the post-closing trial balance

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