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The general fund transfers $1,100,000 to the debt service fund. $100,000 of this is for interest expense and $1,000,000 of this is for payment of

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The general fund transfers $1,100,000 to the debt service fund. $100,000 of this is for interest expense and $1,000,000 of this is for payment of principal. What should the CREDIT entry be for the Debt Service fund? a $100,000 in interest expense and $1,000,000 to notes payable b. $100,000 in interest expenditure and $1,000,000 to notes payable c. $1,100,000 Nonreciprocal transfer from general fund d. cash e. debt service expenditure

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