I need help answering No. 2 and 8. The available answers are in the second attached photo.
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I need help answering No. 2 and 8. The available answers are in the second attached photo. I only have one more try so I need some assistance.
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Current Attempt in Progress Your answer is partially correct. Select the name of the fund(s) in which each of the following transactions or events would be recorded. 1. Bonds, the proceeds of which were to be used for the construction of a new City Hall, were issued. Capital Projects Fund and Debt Service Fund 2. 3. A sum of money was appropriated, to be advanced from monies on hand, to finance the establishment of a City Garage for servicing city-owned transportation equipment. A contribution was received from a private source. The use of the income earned on the investment of this sum of money was specifically designated by the donor. Capital Projects Fund Trust Funds (Proprietary) 4. Proceeds received from a bond issue were used for the purchase of the privately owned water utility in the city. Enterprise Fund 5. Property taxes designated to be set aside for the eventual retirement of the City Hall building bonds were collected. Debt Service Fund 6. Real estate and personal property taxes, which had not been assessed or levied for any specific purpose, were collected. The General Fund 7. Payment was made to the contractor for progress made in the construction of the new City Hall. Capital Projects Fund 8. Interest was paid on the bonds issued for the purchase of the water utility. Debt Service Fund 9. Bonds, the proceeds of which are to be used to pay for the improvement of streets in the residential district, were issued. The debt is to be serviced by assessments on the property benefited. The government is obligated to the bondholders to assure the timely payment of principal and interest on the debt Capital Projects Fund Current Attempt in Progress Your answer is partially correct. Select the name of the fund(s) in which each of the following transactions or events would be recorded. 1. Bonds, the proceeds of which were to be used for the construction of a new City Hall, were issued. Capital Projects Fund and Debt Service Fund 2. 3. A sum of money was appropriated, to be advanced from monies on hand, to finance the establishment of a City Garage for servicing city-owned transportation equipment. A contribution was received from a private source. The use of the income earned on the investment of this sum of money was specifically designated by the donor. Capital Projects Fund Trust Funds (Proprietary) 4. Proceeds received from a bond issue were used for the purchase of the privately owned water utility in the city. Enterprise Fund 5. Property taxes designated to be set aside for the eventual retirement of the City Hall building bonds were collected. Debt Service Fund 6. Real estate and personal property taxes, which had not been assessed or levied for any specific purpose, were collected. The General Fund 7. Payment was made to the contractor for progress made in the construction of the new City Hall. Capital Projects Fund 8. Interest was paid on the bonds issued for the purchase of the water utility. Debt Service Fund 9. Bonds, the proceeds of which are to be used to pay for the improvement of streets in the residential district, were issued. The debt is to be serviced by assessments on the property benefited. The government is obligated to the bondholders to assure the timely payment of principal and interest on the debt Capital Projects Fund
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Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
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