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The General Fund of the Town of Mashpee transfers $115,000 to the debt service fund for a $100,000 bond principal and $15,000 interest payment. Subsequent

  1. The General Fund of the Town of Mashpee transfers $115,000 to the debt service fund for a $100,000 bond principal and $15,000 interest payment. Subsequent payment of the principal and interest would include :

    1. A debit to Expenditures-Bond Interest in the debt service fund.

    2. A debit to Other Financing Uses- Principal and Interest Payments in the debt service fund.

    3. A debit to Expenditures- Bond Interest in the General Fund.

    4. A debit to Interest Expenditures in the governmental activities account.

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