Question

The following transactions take place:
1. A commitment was made to transfer general revenues to the entity in charge of providing transportation for all government agencies.
2. Construction bonds were issued at a premium. The premium is to be included in funds accumulated to retire the debt.
3. Police salaries were paid.
4. Interest and principal were paid on general obligation serial bonds.

Required:
Indicate the name of the fund(s) in which each of the transactions or events should be recorded.




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  • CreatedMarch 16, 2015
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