Question: 3. Public Independence School needs modern cafeteria services. The School District Board approved $600,000 for building and establishment of the cafeteria. Required: a. Prepare the

3. Public Independence School needs modern cafeteria services. The School District

3. Public Independence School needs modern cafeteria services. The School District Board approved $600,000 for building and establishment of the cafeteria. Required: a. Prepare the General Journal entries to: i. Record the proceeds from the bonds in General Fund. Prepare General Journal entries to Transfer Cash to the Public Independent School Capital Project Fund. ii. Prepare general journal entries to record the receipt of the Transfer of Cash from General Fund

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