A debt service fund for the City of Madison received $50,000 from a capital projects fund. The amount received represented the premium received from the issuance of general obligation bonds. What account should the debt service fund credit to record this receipt?
A. Due to Capital Projects Fund.
B. Matured Bonds Payable.
C. Revenue-General Obligation Bond Premium.
D. Other Financing Sources-Transfer In from Capital Projects Fund.
Answer: D
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