Chrome File Edit View History Bookmarks Profiles Tab Window Help Q Sat Apr 1 11:59 PM Audit: Qu D2L Power Points Chapter 6 with so x D2L Term Bond Payable Problem - E X + C D d21.sdbor.edu/d21/le/content/1782817/viewContent/11220870/View * *( Update : E DAY SFE LogOn | SmartFin... Employee Access... Student/Alumni Si... Pf Sign On FSA MyFedLoan M Sign In | McGraw.. Login Secure MOHELA L... > > 31 Term Bond Payable Problem tb-accour governm The City of Smooze issued a $20,000,000 5% term bond on July 1, 2020 at 102. The proceeds will be used to finance the construction of a new city courthouse. The bond pays interest semiannually on July 1 and January 15t. Principal repayment is due on July 1, 2030 (10 year bond). Record the entries listed below for fund reporting and government-wide reporting. The City is on a calendar year reporting cycle (i.e. year end is December 315) Analysis: this is a governmental debt since it is being used to purchase general capital assets. As such, DOCX the debt will be reported in governmental activities. The funds that will be used include the Capital Projects Fund (for the construction of the courthouse), the Debt Services Fund (for the repayment of the 750 Papel debt) and Governmental Activities. Since this is a term bond, likely the government would also have a sinking fund but these entries are ignored in this example. Record entries for the Capital Projects Fund, Debt Service Fund and Governmental Activities: ZIP 1. Issuance of the bond on July 1, 2020 Quizzes (1) Quizzes 2. Adjusting entries at year end (December 31) Mc Grav Hill 19th Editi MHECitieso 3. Debt service payments on January 1, 2021 (will only be interest) ville Applications MC Hill 19 " Edition 19" EditionChrome File Edit View History Bookmarks Profiles Tab Window Help Q Sat Apr 1 11:59 PM Audit: Qu D2L Power Points Chapter 6 with sc x D2L Term Bond Payable Problem - E X + C D d21.sabor.edu/d21/le/content/1782817/viewContent/11220870/View * *( Update : E DAY SFE LogOn | SmartFin... Employee Access... Student/Alumni Si... Pf Sign On SA MyFedLoan M Sign In | McGraw. Login Secure MOHELA L... > > 31 3. Debt service payments on January 1, 2021 (will only be interest) tb-accour governm 4. Debt service payments on July 1, 2030 (maturity date) (will be principal and interest) Do DOCX 5. Compute the following amounts: 750 Papel a. Interest expenditure for 2020 and 2021 b. Interest expense for 2020 and 201 ZIP Quizzes (1) Quizzes Mc Grav Hill 19th Editi MHECitieso ville What if this bond were issued on September 1st instead? 1. Issuance of the bond on September 1, 2020 Applications 2,661 MC Hill 19 " Edition 19" EditionChrome File Edit View History Bookmarks Profiles Tab Window Help Q Sat Apr 1 11:59 PM Audit: Qu D2L Power Points Chapter 6 with sc x D2L Term Bond Payable Problem - E X + C D d21.sabor.edu/d21/le/content/1782817/viewContent/11220870/View * *( Update : E DAY SFE LogOn | SmartFin... Employee Access... Student/Alumni Si... Pf Sign On SA MyFedLoan M Sign In | McGraw... Login Secure MOHELA L... > > 31 What if this bond were issued on September 1" instead? 1. Issuance of the bond on September 1, 2020 tb-accour governm 2. Adjusting entries at year end (December 1) DOCX 750 Papel 3. Debt service payments on January 1, 2021 (will only be interest) ZIP Quizzes (1) 4. Debt service payments on July 1, 2030 (will be principal and interest) Quizzes Mc Grav Hill 5. Compute the following amounts: 19th Editi c. Interest expenditure for 2020 and 2021 MHECitieso ville Interest expense for 2020 and 201 Applications MC Hill 19 " Edition 19 h EditionChrome File Edit View History Bookmarks Profiles Tab Window Help Q Sat Apr 1 11:59 PM Audit: Qu D2L Power Points Chapter 6 with sc x D2L Term Bond Payable Problem - E X + C D d21.sdbor.edu/d21/le/content/1782817/viewContent/11220870/View Update : DAY SFE LogOn | SmartFin... Employee Access... Student/Alumni Si... Pf Sign On FSA MyFedLoan M Sign In | McGraw... Login Secure MOHELA L... > > Adjusting entries at year end (December 1) C tb-accour governm 3. Debt service payments on January 1, 2021 (will only be interest) DOCX 4. Debt service payments on July 1, 2030 (will be principal and interest) 750 Papel 5. Compute the following amounts: ZIP c. Interest expenditure for 2020 and 2021 Quizzes (1) d. Interest expense for 2020 and 201 Quizzes Mc Grav Hill In words, not entries or numbers, briefly explain how the entries would change for the debt service fund 19th Editi and governmental activities if this were a serial bond and both principal and interest payments are made on July 1 and January 1 (first payment due January 1 2021) MHECitieso ville Applications 4 MC Hill 19 " Edition 19" Edition