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The City of Amarillo is authorized to Issue $ 9 , 0 0 0 , 0 0 0 , 3 percent regular serial bonds in
The City of Amarillo is authorized to Issue $ percent regular serial bonds in for the construction of a new exit off the
Interstate highway within city limits The bonds mature in equal annual amounts beginning on January for years and pay
Interest on January and July The city is required to use all accrued Interest and premlums to service the debt. The funds to pay the
Interest will be transferred from the General Fund. The county's fiscal yearend is December Need help with Record the budget transaction. f prepare the budgetary entries for assuming that the bonds were scheduled to be issued on January Assume that the January principal and interest payments will be included in the budget. Prepare the entry to transfer of funds from the General Fund to the debt service fund
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