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Thepotemich [5.8K]
4 years ago
6

The Town of McHenry has $10,000,000 in general obligation bonds outstanding and maintains a single debt service fund for all deb

t service transactions. On July 1, 2020, a current refunding took place in which $10,000,000 in new general obligation bonds were issued. Record the transaction on the books of the debt service fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
Elena L [17]4 years ago
4 0

Answer:

DR Cash $10,000,000

CR Other financing sources- refunding of existing debt $10,000,000

DR Other financing sources- refunding of existing debt $10,000,000

CR Cash $10,000,000

Explanation:

TOWN OF MCHENRY

DEBT SERVICE FUND

GENERAL JOURNAL

DR Cash $10,000,000

CR Other financing sources- refunding of existing debt $10,000,000

DR Other financing sources- refunding of existing debt $10,000,000

CR Cash $10,000,000

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timama [110]

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Example for strengthening or weakening the attitudes, beliefs or values of his audience:

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Example for motivate his audience to action, President Regan's aim when he said:

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3 years ago
A signed document containing a written promise to pay a stated sum to a specified person/institution or the bearer at a specifie
AnnyKZ [126]

Answer:

Promissory Note.

Explanation:

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3 years ago
The amount you pay for gasoline for your car is an example of a(n):public-good cost.internal cost.external cost.social cost.thir
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Answer:

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The gasoline that a person used for his car is an example of an internal cost.

Internal costs are considered as a private costs which were incurred by the firms for the production of goods. It includes labor, depreciation, rents and inputs. These are the costs which is directly borne by a firm or an individual.

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4 years ago
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Answer:

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Accounts Payable    End: $24,000  Beginning: $26,000 = -$2,000  

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What are some ways Panera bread earns the trust of its public?
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