As of May 30, 20X9, the debt service fund of Cody had accumulated $52,000 of assets in a debt service fund to pay the principal of its currently maturing serial bonds. On June 1, 20X9, $50,000 of serial bonds matured and were paid with the resources accumulated in the debt service fund. In Cody's debt service fund, Matured Bonds Payable was debited for $50,000 and:
A. Due to General Fund was credited for $50,000.
B. Investments were credited for $50,000.
C. Reserve for Encumbrances was credited for $50,000.
D. Cash was credited for $50,000.
Answer: D
Business
You might also like to view...
The problem lies with the defective equipment, not with you or _____.?
A) ?I B) ?myself C) me
Business
A resulting trust arises from the conduct of the parties
Indicate whether the statement is true or false
Business
Athletes who perform on balance beams or ropes must display a high degree of
A. visual color discrimination. B. perceptual speed. C. gross body equilibrium. D. homeostasis. E. visualization.
Business
All of the following can be differential costs except:
A. opportunity costs. B. variable costs. C. fixed costs. D. sunk costs.
Business