A governmental entity issues $3,000,000 of general obligation bonds at a 1% premium to finance the construction of a new public safety center. The entry to record the bond issuance in the Debt Service Fund would be Group of answer choices dr cr Cash $3,000,000 Other Financing Sources - Bonds $3,000,000 dr cr Cash $3,030,000 Other Financing Sources - Bonds $3,000,000 Other Financing Sources - Premium 30,000 dr cr Cash $3,000,000 Expenditures 30,000 Other Financing Sources - Bonds $3,000,000 Other Financing Sources - Premium 30,000 dr cr Cash $3,030,000 Bonds Payable $3,030,000 None of the above

Answer rating: 100% (QA)

The correct entry to record the bond issuance in the Debt Servic... View the full answer