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Cash of $90,000 is transferred from a city's General Fund to start construction on a police station. The city issues a bond at its $1.8 million face...

31. Cash of $90,000 is transferred from a city's General Fund to start construction on a police station. The city issues a bond at its $1.8 million face value. The plice station is built for $1.9 million. Prepare all necessary journal entries for these transactions for fund-based and governemental-wide-financial statements. assume that the city does not record the commitment. What information do the government-wide financial statements present? What information do the fund-based finacial statements present?
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Accounting-8087744.xls

Date Journal enteris as per Fund base system
Particulars
Amount
City General Fund ………………………………………………………………………....Dr.
90,000.00
To Bank
( Being...

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