Question: Platz City has a capital projects fund that issues general obligation bonds with a par amount of $10,000,000 at a discount of 1%. What journal
Platz City has a capital projects fund that issues general obligation bonds with a par amount of $10,000,000 at a discount of 1%. What journal entry will be recorded at the time of issuance?
Question 16 options:
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| Debit cash $9,900,000; debit other financing uses $100,000; credit other financing sources $10,000,000 |
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| Debit cash $9,900,000; credit other financing sources $9,900,000 |
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| Debit cash $10,100,000; credit other financing sources $10,100,000 |
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| None of these |
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| Debit cash $10,000,000; credit other financing sources $10,000,000 |
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