The City of Summerville maintains its books so as to prepare fund accounting statements and prepares...

   

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The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. During the year, debt service expenditures for the year amounted to: interest, $2,000,000; principal, $4,400,000. In addition, interest incurred since the last interest payment date amounted to $80,000. Discount amortization using the effective interest method amounted to $10,000. - 3 journal entries A- B I of The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. During the year, debt service expenditures for the year amounted to: interest, $2,000,000; principal, $4,400,000. In addition, interest incurred since the last interest payment date amounted to $80,000. Discount amortization using the effective interest method amounted to $10,000. - 3 journal entries A- B I of The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. During the year, debt service expenditures for the year amounted to: interest, $2,000,000; principal, $4,400,000. In addition, interest incurred since the last interest payment date amounted to $80,000. Discount amortization using the effective interest method amounted to $10,000. - 3 journal entries A- B I of The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. During the year, debt service expenditures for the year amounted to: interest, $2,000,000; principal, $4,400,000. In addition, interest incurred since the last interest payment date amounted to $80,000. Discount amortization using the effective interest method amounted to $10,000. - 3 journal entries A- B I of The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. During the year, debt service expenditures for the year amounted to: interest, $2,000,000; principal, $4,400,000. In addition, interest incurred since the last interest payment date amounted to $80,000. Discount amortization using the effective interest method amounted to $10,000. - 3 journal entries A- B I of The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. During the year, debt service expenditures for the year amounted to: interest, $2,000,000; principal, $4,400,000. In addition, interest incurred since the last interest payment date amounted to $80,000. Discount amortization using the effective interest method amounted to $10,000. - 3 journal entries A- B I of