Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus
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Question:
Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus interest of $10,000.
Required:
Record the payment of these items in both the General Fund and governmental activities general journals. For the General Fund charge Miscellaneous for the interest expenditure. At the government-wide level, debit Expenses—Interest on Tax Anticipation Notes.
Related Book For
Posted Date: