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statements, record, in the order presented, all of the transactions below, in good term without explanations, for all fundsonfunds affected. Place the number (1 12)
statements, record, in the order presented, all of the transactions below, in good term without explanations, for all fundsonfunds affected. Place the number (1 12) of the fundonfund (on the City of Namtip's Chart of Accounts) in which the transaction would be recorded in the column preceding the account to be debited. If the transaction does not require an entry in any fundonfund, write NO ENTRY REQUIRED. Where possible, use a compound entry instead of separate entries. Leave a blank line between each journal entry. Be sure to use only the accounts listed in the City of Namtip's Chart of Accounts. Do not use abbreviations. Assume that the City of Namtip has $25,000,000 of 10 year, 4.5% bonds maturing on September 30, 2020 which were initially issued at par. To assist in repaying these, bonds the city council approved issuance of additional bonds. A. On September 30, 2020 the City of Namtip issued new bonds to pay off the matured 4.5% bonds. The new bonds had a face value of $25,000,000, mature 10 years from the date of issuance, and has 3.25% interest rate that is payable semi-annually on September 30 and March 30. The bonds were sold at 100.25 and the $75,000 of bond issue costs was paid. B. Also on September 30, 2020 the City paid $25,562,500 to retire the principal as well as the required semi-annual interest of the 4.5% bonds. C. On March 30, 2021 the city paid the first semi-interest on the 3.25% bonds. statements, record, in the order presented, all of the transactions below, in good term without explanations, for all fundsonfunds affected. Place the number (1 12) of the fundonfund (on the City of Namtip's Chart of Accounts) in which the transaction would be recorded in the column preceding the account to be debited. If the transaction does not require an entry in any fundonfund, write NO ENTRY REQUIRED. Where possible, use a compound entry instead of separate entries. Leave a blank line between each journal entry. Be sure to use only the accounts listed in the City of Namtip's Chart of Accounts. Do not use abbreviations. Assume that the City of Namtip has $25,000,000 of 10 year, 4.5% bonds maturing on September 30, 2020 which were initially issued at par. To assist in repaying these, bonds the city council approved issuance of additional bonds. A. On September 30, 2020 the City of Namtip issued new bonds to pay off the matured 4.5% bonds. The new bonds had a face value of $25,000,000, mature 10 years from the date of issuance, and has 3.25% interest rate that is payable semi-annually on September 30 and March 30. The bonds were sold at 100.25 and the $75,000 of bond issue costs was paid. B. Also on September 30, 2020 the City paid $25,562,500 to retire the principal as well as the required semi-annual interest of the 4.5% bonds. C. On March 30, 2021 the city paid the first semi-interest on the 3.25% bonds
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