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The Towr of Gaston is paving a gravel road. The construction will be completed during the current fiscal year. To finance the road, the Town
The Towr of Gaston is paving a gravel road. The construction will be completed during the current fiscal year. To finance the road, the Town issued bonds with a face value of $1,000,000, The bonds were issued at par with an interest rate of 10%. Prepare the journal entries to record the debt issuance for both the Capital Project Fund and Government-wide Governmertal Activities. If no entry is necessary, please write "no entry necessary:
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