Question
Prepare journal entries for all the funds AND IDENTIFY THEM and the General Capital Assets and General Long-Term Liabilities accounts affected by the following transactions
Prepare journal entries for all the funds AND IDENTIFY THEM and the General Capital Assets and General Long-Term Liabilities accounts affected by the following transactions
The government paid $605,000 from the General Fund to the fund used to service its general government bonds.
The government issued bonds of $13,000,000 at par. The bonds are to be used to finance construction of a major public park.
The government paid $400,000 of principal and $300,000 of interest on general government bonds.
The government entered a capital lease for equipment with a capitalizable cost of $700,000. A $150,000 initial ment was made
The govern ment pui chased new computer equipment for the police department at a cost of $43,000.
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