Assume that the City of Fort Smith maintains its books and records in a manner that facilitates the preparation of the financial statements of the funds. 

For each of the following events, indicate in which fund(s) the event would be registered and justify your choice of fund. 

a. The city collected property taxes collected for the general operations of the city. 

b. The city collected property taxes to pay the principal and interest on bonds issued several years ago to build a new firehouse. 

C. The city collected property taxes levied in a specific area of the city in order to provide more frequent snow removal than is enjoyed by the rest of the city. 

d. The city sold bonds to finance the construction of a new city hall. 

e. The city sold bonds to finance major renovations at the city-owned utility. 

F. The city purchased a street sweeper.

Answer rating: 100% (QA)

a The property taxes collected for the general operations of the city would be registered in the Gen... View the full answer