List name of funds in which transactions would be recorded

Reference no: EM131880516

Question: Please list the name of the fund(s) in which each of the following transactions or events would be recorded.

(1) Proceeds of $500,000 were received from a bond issue were used for the purchase of the privately owned water utility in the city.

(2) Property taxes of $300,000 were designated to be set aside for the eventual retirement of the City Hall building bonds that were collected.

(3) Payment of $800,000 was made to a contractor for progress made in the construction of the new City Hall building.

(4) Interest of $50,000 was paid on the bonds issued for the purchase of the water utility.

(5) Interest of $100,000 was paid on the bonds issued for the payment of the improvement of streets in the residential district.

(6) City motor vehicle license fees of $40,000 were to be used for general street expenditures were collected.

Reference no: EM131880516

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