Bond proceeds used to construct a new library should be recorded in: Select one: O a. General Fund O b. Special Revenue Fund c. Capital Projects Fund O d. Internal Service Fund The City of Reagan entered into a contract with Diamond Construction to build a new civic center. The encumbrance will be recorded in: Select one: a. General Fund b. Permanent Fund C. Capital Projects Fund d. Debt Service Fund The city skating rink is largely supported by a tax levied specifically for that purpose. The revenue and expenditures are accounted for in the: Select one: O a. General Fund O b. Enterprise Fund c. Internal Service Fund d. Special Revenue Fund The funds using the modified accrual basis of accounting include: Select one: O a. Special Revenue Fund O b. General Fund O c. Debt Service Fund d. All of the above Principal and interest payments to bond holders are recorded in the: Select one: O a. Debt Service Fund O b. Special Revenue Fund o c. General Fund O d. Capital Projects Fund The General Fund made a transfer to the Debt Service Fund for the payment of principal on outstanding general obligation bonds. This transaction requires a journal entry in the: Select one: a. General Fund b. Debt Service Fund C. General Fund and Debt Service Fund 0 d. General Fund, Debt Service Fund, and Special Revenue Fund