Question: Current Attempt in Progress The following events take place: 1 . Joseph Moore died and left 1 0 0 acres of undeveloped land to the
Current Attempt in Progress
The following events take place:
Joseph Moore died and left acres of undeveloped land to the city for a future park. He acquired the land at $ an acre, but at the date of his death, the land was appraised at $ an acre.
The city authorized the transfer of $ of general revenues and the issuance of $ in general obligation bonds to construct improvements on the donated land. The bonds were sold at par.
The improvements were completed at a cost of $ and the operation of the park was turned over to the City Parks Department.
Prepare entries in general journal form to record these transactions in the proper funds Designate the fund in which each transaction is recorded. If the transaction did not result in a journal entry to a government fund, record the journal entry needed to reflect the information in the governmentwide Statement of Net Position. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
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