Question: make sure all the boxes for the journal entre been answered No Journal Entry Required Accumulated Depreciation Appropriations Bond Anticipation Notes Payable Bonds Payable Budgetary

make sure all the boxes for the journal entre been answered

  • No Journal Entry Required
  • Accumulated Depreciation
  • Appropriations
  • Bond Anticipation Notes Payable
  • Bonds Payable
  • Budgetary Fund Balance
  • Building
  • Capital Lease Obligations Payable
  • Cash
  • Construction Expenditures
  • Construction Work in Progress
  • Contracts Payable
  • Contracts Payable?Retained Percentage
  • Estimated Revenues
  • Expenditures
  • Expenses?Culture and Recreation
  • Expenses?Interest on Bond Anticipation Notes payable
  • Fund Balance?Assigned
  • Fund Balance?Restricted
  • Fund Balance?Unassigned
  • Gain on Sale of Machinery
  • Interest Expenditures
  • Interest Payable
  • Land
  • Loss on Sale of Machinery
  • Machinery and Equipment
  • Notes Payable
  • Other Financing Sources?Interfund Transfers In
  • Other Financing Sources?Proceeds of Bonds
  • Other Financing Sources?Proceeds of Bonds Anticipation Notes
  • Other financing sources?Proceeds of Capital Asset Sale
  • Other Financing Uses?Discount on Bonds
  • Other Financing Uses?Interfund Transfers Out
  • Other Financing Uses?Proceeds of Refunding Bonds
  • Premium on Bonds Payable
  • Program Revenue?Economic Development
  • Program Revenues?Culture and Recreation
  • Program Revenues?Public Safety
  • Revenues
  • Vouchers Payable
make sure all the boxes for the journal entremake sure all the boxes for the journal entre
Santa Maria Village received voter approval to issue bonds for construction of a bike path, including restrooms and picnic she along village oceanfront. The finance department has discussed three different financing mechanisms. As a new accountant fc village, you want to be prepared to record each option. Required Prepare journal entries for capital projects fund and the government-wide governmental activities general journal for each of t following unrelated transactions. (The General Fund should not be used.) (If no entry is required for a transaction/event, sele Journal Entry Required" in the first account field.) 1. The village sells $3,100,000 of 2 percent construction-related bonds at par. The construction is related to governmental activities. 1 Capital Projects Eund Record the sale of $3,100,000 2% construction-related bonds at par in connection with governmental P ' activities in Capital Projects Fund. Governmental Activities Record the sale of $3,100,000 2% construction-related bonds at par in connection with governmental activities in Governmental Activities. 2. The village secures a bond anticipation note payable in the amount of $161,000 to pay initial expenses. This note is considered short-term. 2 Capital Projects Fund | Record the payment of $161,000 initial expenses on the short-term note payable in Capital Projects Fund. Governmental Activities | Record the payment of $161,000 initial expenses on the short-term note payable in Governmental Activities. 3. The village secures a bond anticipation note in the amount of $610,000 to pay initial expenses for construction of a convention center. The debt is considered long-term. Record the payment of $610,000 initial expenses for construction of convention center on the long-term note 3 Capital Projects Fund payable in Capital Projects Fund. Record the payment of $610,000 initial expenses for construction of convention center on the long-term note Governmental Activities payable in Governmental Activities

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