$11,600,000 was transferred from the General Fund to the DSF to finance one year's principal and interest...

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$11,600,000 was transferred from the General Fund to the DSF to finance one year's principal and interest for the school building bonds.
Use the following abbreviations for the funds and nonfund accounts.
GF - General Fund
CPF - Capital Projects Fund
DSF - Debt Service Fund
GCA & GLTL - General Capital Asset & General Long Term Liability
Prepare the journal entry:
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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118983270

7th edition

Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith

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