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Selena City issued 30-year bonds for the purpose of building a new City Hall. The proceeds of the bonds are deposited in the General Fund.

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Selena City issued 30-year bonds for the purpose of building a new City Hall. The proceeds of the bonds are deposited in the General Fund. For the Fund Financial Statements, in what fund will Bonds Payable appear? [2 extra credit points!!!] Capital Projects Fund Debt Service Fund General Fund Permanent Fund Bonds Payable do not appear in Fund Financial Statements

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