Question: 1) Please do journal entries for affected funds. 2) Indicate how the transaction impact Fund Balance or Net Position. Please be specific. When indicate the

1) Please do journal entries for affected funds.
2) Indicate how the transaction impact Fund Balance or Net Position. Please be specific. When indicate the impact, please point out exactly which category it impacted. Such as FB-SPENDABLE-unassigned, or assigned, or committed, or restricted. Or FB-NONSPENDABLE. For net position, it would be restricted, unrestricted, or investment in capital asset.
3)For governmental wide level, you also need to indicate which activity it affects (business activity or governmental activity).
Fund-based Govermental-based
5. On June 30, 2002, the supplies fund issued $500,000 in 6% term bonds at face for construction of a new building. Semiannual
interest payments are required.
ISF GT

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