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Record the transaction on the books of the debt service fund

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Question: The Town of McHenry has $6,000,000 in general obligation bonds outstanding and maintains a single debt service fund for all debt service transactions. On July 1, 2012, a current refunding took place in which $6,000,000 in new general obligation bonds were issued. Record the transaction on the books of the debt service fund.

Reference no: EM131525573

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