$On$ October $1,2023,$ the City $of$ Thomasville issued $$5,000,000in4\%,$ general obligation bonds $at101$ for the purpose $of$ constructing

$an$ addition $to$ City Hall. The premium was transferred $to$ a debt service fund. A total $of$ $$4,968,750$ was used $to$ construct the addition,

which was completed prior $to$ June $30,2024.$ The remaining funds were transferred $to$ the debt service fund. The bonds were dated

October $1,2023,$ and paid interest $on$ April $1$ and October $1.$ The first $of20$ annual principal payments $of$ $$250,000is$ due $on$ October

$1,2024.$ The fiscal year for Thomasville $is$ July $1to$ June $30.$

$In$ addition $toa$ $$5,000,000$ liability $in$ the government$-$wide Statement $of$ Net Position, how would the bond sale $be$ reported?

Multiple Choice

$Asa$ $$4,968,750$ revenue $in$ the capital projects fund and $a$ $$50,000$ revenue $in$ the debt service fund

$Asa$ $$5,000,000$ revenue $in$ the capital projects fund, $a$ $$50,000$ revenue $in$ the debt service fund, and $a$ $$5\mathrm{.}000\mathrm{.}000$

expenditure $in$ the debt service fund