Explain how you will use this experience and technology or media tools in your future professional practice.
January 25, 2018
provide a summary and critical review highlighting its main contributions and challenges (based on the authors’ description and/or your own judgment).
January 25, 2018

Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions:

Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions:

•The budget for the library

•The payment and receipt of funds from the general fund

•The issuance of the bonds ◦Assume that the premium remained in the capital projects fund.

◦Identify all of the funds required for these entries. ◦Discuss how the bond premium could be disposed. In general terms, compare and contrast how expenditures are controlled in the general fund and in debt service funds. Explain why differences would occur.

 

"Are you looking for this answer? We can Help click Order Now"

assignment help