Question 11 points The City of Dundee received a gift of $60.000 from a local resided on April 1, 2020 and signed an agreement that the funds would be used many and that the two maintain the city cemetery. The following transactions took place during the year ended December 31, 2020 . (a) Thegit was recorded on April 1 . On April 1, 2020, XYZ Company bonds were purchased in the amount of 600 000, pa The band carry an annual interesat el percent wearily on and Art 1 On October 1, the semiannual interest was received di From October 1 through December 1 payments were made totaling $15.900 were company lel on December 1, an accrual was made for interest Alta, on December 31, reading of the financial predicated XYZ bonds had a far value of 60.000. archuse of accrued interes (9) The books were closed Required Record the transactions on the books of the Center Perpetual Care Fund TEMA