Question: Ming another question will save the response Question 3 9 points The City of St. Das received a gift of $2.000.000 from a local

Ming another question will save the response Question 3 9 points The

Ming another question will save the response Question 3 9 points The City of St. Das received a gift of $2.000.000 from a local resident on April 1, 2020 and signed an agreement that the funds would be invested permanently and that the wooms would be used to maintain the city cemetery. The foong Mansactions took place during the year ended December 31, 2020 (a) The gift was recorded on April 1 (b) On Apr 1, 2020, XYZ Company bonds were purchased in the amount of $1,950,000, at par. The bonds carry an annual interest rate of 5 percent, payable semiannually on October 1 and (e) On October 1, the semiannual interest was received. (d) From October 1 through December 1, payments were made totaling $16,000 to a lawn service. (el On December 31, an aconual was made for interest. (f) Also on December 31, a reading of the financial press indicated that XYZ bonds had a fair value of $1.945,000, exclusive of accrued interest (g) The books were closed uired: and the transactions on the books of the Cemetery Perpetual Care Fund toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac) IUS Paragraph V Arial 10pt hp !!! ini 4 < 2 I. Question 3 of 14 26 O o www

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