A 910000 bond was issued on october 1 2011 to build a new

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A $910,000 bond was issued on October 1, 2011 to build a new road. The bonds carried a 6% interest rate and are due in 10 years.

Required:

(A.) Prepare the required journal entry in the Capital Projects Fund on October 1 for the Fund Financial Statements.
(B.) Prepare the required journal entry for the Government-Wide Financial Statements.

Reference no: EM13585712

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