Question: EX . 2 - 2 Select the best answer. Oak Township issued the following bonds during the year: Bonds to acquire equipment for a vehicle

EX.2-2
Select the best answer.
Oak Township issued the following bonds during the year:
Bonds to acquire equipment for a vehicle repair service that is accounted for in an internal service fund
$3,000,000
Bonds to construct a new city hall
$8,000,000
Bond to improve its water utility, which is accounted for in an enterprise fund
$9,000,000
The amount of debt to be reported in the general fund is
a. $0
b. $3,000,000
c. $8,000,000
d. $20,000,000
EX . 2 - 2 Select the best answer. Oak Township

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