Question
The City of Twizzle issues $1,000,000 face value of general obligation bonds for $1,100,000. The bonds will be used for the construction of new city
The City of Twizzle issues $1,000,000 face value of general obligation bonds for $1,100,000. The bonds will be used for the construction of new city streets. I am not sure what journal entry should the City make in its Capital Projects Fund to record the issuance of these bonds? Please explain it to me.
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
