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provide solutions for questions 1-4 along with the account affected and proper fund. Date Write your answer in the space provided or on a separate
provide solutions for questions 1-4 along with the account affected and proper fund.
Date Write your answer in the space provided or on a separate sheet of paper Use the formatted answer sheet provided to analyze the effects of each of transaction on the accounting equations of each fund or nonfund account affected by the transaction. Indicate increases by positive amounts; indicate decreases by putting the amount in parentheses Beverly County issued at par S20 million of general obligation, 10%, 10-year bonds. The resources are to be used to construct a new civic center downtown. 2. The county paid $100,000 to Fancy Dan Construction Company for work completed during the year g the year the county transferred $250,000 of general fund cash to the fund from which the bonds paid. The purpose of shifting the resources was to provide for the principal and interest payments 3. Durin are to be re to be made during the fiscal year 4 $200,000 of the bonds and $20,000 of interest matured and were paid GCA and GLTL Fund Affected Governmental Funds Nonfund AccountsStep by Step Solution
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