The General Fund of the City of Castle Rock 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:
A) A debit to Expenditures — Bond Interest in the debt service fund.

B) A debit to Other Financing Uses — Principal and Interest Payments in the debt service fund.

C) A debit to Interest Expenditures in the General Fund.

D) A debit to Interest Expenditures in the governmental activities accounts

Answer rating: 100% (QA)

ANSWER The General Fund of the transfers City of C... View the full answer