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Transaction Analysis Use the formatted answer sheet provided to analyze the effects of each of transaction on the accounting equations of each fund or nonfund
Transaction Analysis Use the formatted answer sheet provided to analyze the effects of each of transaction on the accounting equations of each fund or nonfund account affected by the transaction. Indicate increases by positive amounts; indicate decreases by pufng the amount in parentheses. 1. Beverly County issued at par $20 million of general obligation, 10%, 10year bonds. The resources are to he used to construct a new civic center downtown. 2. The county paid $100,000 to Fancy Dan Construction Company for work completed during the year. 3. During the year the county transferred $250,000 of general fund cash to the fund from which the bonds are to be repaid. The purpose of shifting the resources was to provide for the principal and interest payments to he made during the fiscal year. .$200, 000 of the hoods and $20, 000 of interest matured and were paid. CCA and CLTL Effected Coverrnnental Funds Nonfund Accounts -EnlErs- I----___
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