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Record the journal entries for the following transactions in a governmental fund. a. Issued $5,000,000 tax anticipation note. b. Issued $10,000,000 general obligation bond. c.
Record the journal entries for the following transactions in a governmental fund. a. Issued $5,000,000 tax anticipation note. b. Issued $10,000,000 general obligation bond. c. Transferred $1,500,000 to fiscal agent for payment of $1,000,000 in bond principal and $500,000 in interest payments. d. Fiscal agent pays bond holders.
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