Record the journal entries (on the fund level) for the following transactions in a governmental fund. You only need to provide the entries; you don t need to specify the funds. a. Issued $5,000,00
Record the journal entries (on the fund level) for the following transactions in a governmental fund. You only need to provide the entries; you don’t need to specify the funds.
a. Issued $5,000,000 tax anticipation note.
b. Issued $10,000,000 general obligation bond.
c. Transferred $1,500,000 to fiscal agent for payment of $1,000,000 in bond principal and $500,000 in interest payments.
d. Fiscal agent pays bond holders.
