Chapter 6 - 6-3.K-TOWNDebitsCredits1.General Fund:CASH825,000TAXES RECEIVABLE825,000OTHER FINANCING USES—INTERFUND TRANSFERS OUT825,000CASH

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Unformatted text preview: 6-3.K-TOWNDebitsCredits1.General Fund:CASH825,000TAXES RECEIVABLE825,000OTHER FINANCING USES—INTERFUND TRANSFERS OUT825,000CASH 825,000Debt Service Fund:CASH825,000OTHER FINANCING SOURCES—INTERFUND TRANSFER IN825,000EXPENDITURES—PRINCIPAL 600,000EXPENDITURES—INTEREST225,000CASH825,000Governmental Activities:CASH825,000TAXES RECEIVABLE 825,000EXPENSE—INTEREST225,000BONDS PAYABLE600,000CASH825,000Ch. 6, Solutions, 6-3 (Cont'd)DebitsCredits2.Capital Projects Fund:CASH5,000,000OTHER FINANCING SOURCES—PROCEEDS OF BONDS5,000,000Debt Service Fund:CASH150,000OTHER FINANCING SOURCES—PREMIUM ON BONDS PAYABLE 100,000REVENUES50,000Governmental Activities:CASH5,150,000SERIAL BONDS PAYBLE5,000,000ACCRUED INTEREST PAYABLE50,000PREMIUM ON BONDS PAYBLE100,0003.Special Revenue Fund:CASH110,000REVENUES 110,000OTHER FINANCING USES—INTERFUND TRANSFERS OUT110,000CASH 110,000Ch. 6, Solutions, 6-3 (Cont'd)DebitsCreditsDebt Service Fund:CASH110,000OTHER FINANCING SOURCES—INTERFUND TRANSFERS IN...
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This note was uploaded on 07/19/2011 for the course ACCOUNT 346 taught by Professor Bino during the Spring '11 term at Rutgers.

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Chapter 6 - 6-3.K-TOWNDebitsCredits1.General Fund:CASH825,000TAXES RECEIVABLE825,000OTHER FINANCING USES—INTERFUND TRANSFERS OUT825,000CASH

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