Question: Determine the correct debit occount from among the choices below: a. Expenditures b. Extraordinary items c. Encumbrances d. Answer not induded in the above selections

Determine the correct debit occount from among the choices below: a. Expenditures b. Extraordinary items c. Encumbrances d. Answer not induded in the above selections The Debt Service Fund recognizes a principal pyyment that is currently due on a Bond debt A contract is signed with ABC Construction for a project related to the Capital Projects fund in the amount of $8,400,000. The city invests 30% of the bond proceeds in short term investments A city's water supply is contaminated by terrorists. Costs of clean-up, disposal, and importation of a fresh water supply total $50,000,000. The General Fund incurs and pays salaries totaling 5400,000

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