Save Answer 3 points Prepare the journal entry to record the following transaction in the specified fund only Ignore any encumbrance accounting in these funds DEBT SERVICE FUND (DSE) The first installment of debt service on the debt. Interest of $30,000 and principal of $25,000, becomes due and payable For the toolbar prets ALT-510 PCO ALTEN.FIC Mac BIUS Paragraph Arial 10pt AZ I. V V XO Q od 3 X X 8 TT TT 291 (1) +] 13 points aven Jerry Judge, the new accountant for Altuve City, has prepared a preliminary statement of cash flows for the city's enterprise fund for the fiscal year just ended Being new to governmental accounting. Judge prepared it using the FASB rules for preparing such a statement Upon realing his error, Judge has asked for your help. Write a memo to the accountant explaining the six key differences between the FASB statement of cash flows and the required statement of cash flows under GASB rules To Jerry Judge Re: Differences between GASB and FASB Statement of Cash Flows For the toolbar press AT-F10 PE ALTEN. Mad BI. Paragraph Arial 10pt A 2 : & Toba se 8 S ST TE 11 12 ( * ) > ... + 13 > Sage County is a calendar-year governmental organization that has governmental-type funds and reports both fund financial statements and government-wide financial statements. Below is selected information taken from Sage County's 20x5 financial records Capital Projects Fund 20X5 proceeds from bonds issued at 95 $2,850,000 20x5 expenditures (construction of new fire station, started in 20x5, to be completed in 20X6) 1,600,000 In the captal projects tund, what amount would be reported as Restricted Fund Balance at December 31, 20X5? Save Answer 3 points Prepare the journal entry to record the following transaction in the specified fund only Ignore any encumbrance accounting in these funds DEBT SERVICE FUND (DSE) The first installment of debt service on the debt. Interest of $30,000 and principal of $25,000, becomes due and payable For the toolbar prets ALT-510 PCO ALTEN.FIC Mac BIUS Paragraph Arial 10pt AZ I. V V XO Q od 3 X X 8 TT TT 291 (1) +] 13 points aven Jerry Judge, the new accountant for Altuve City, has prepared a preliminary statement of cash flows for the city's enterprise fund for the fiscal year just ended Being new to governmental accounting. Judge prepared it using the FASB rules for preparing such a statement Upon realing his error, Judge has asked for your help. Write a memo to the accountant explaining the six key differences between the FASB statement of cash flows and the required statement of cash flows under GASB rules To Jerry Judge Re: Differences between GASB and FASB Statement of Cash Flows For the toolbar press AT-F10 PE ALTEN. Mad BI. Paragraph Arial 10pt A 2 : & Toba se 8 S ST TE 11 12 ( * ) > ... + 13 > Sage County is a calendar-year governmental organization that has governmental-type funds and reports both fund financial statements and government-wide financial statements. Below is selected information taken from Sage County's 20x5 financial records Capital Projects Fund 20X5 proceeds from bonds issued at 95 $2,850,000 20x5 expenditures (construction of new fire station, started in 20x5, to be completed in 20X6) 1,600,000 In the captal projects tund, what amount would be reported as Restricted Fund Balance at December 31, 20X5