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QUESTION ONE: (10 points) Our governmental tax-exempt organization issued bonds in 2020. In 2020, we collected $5,100,000 in cash but the bond issue was only
QUESTION ONE: (10 points) Our governmental tax-exempt organization issued bonds in 2020. In 2020, we collected $5,100,000 in cash but the bond issue was only for $5,000,000. a) What amount will be shown in the capital projects fund's statements for 2020? b) What amount will be shown in the debt service fund's statements for 2020? c) What amount will be shown in the government-wide statements for 2020? d) Make all necessary entries for the above
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