The governing board of wolekete town approved a street improvement program excepted to cost birr 500,000 and authorized a birr 300,000 bond issue to partially finance the improvement the reaming sources needed are to be provided by a federal grant and an internal fund transfer. Capital projects fund accounting records were established and the plane and authorizes recorded in by memorandum entry. The following transactions took place in connection with this project.

1.proceeds of the bond sale bitt 303000 were recorded in capital project found etc

Answer rating: 100% (QA)

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