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Record the transaction on the books of the debt service fund

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Problem 1: The Town of McHenry has $17,000,000 in general obligation bonds outstanding and maintains a single debt service fund for all debt service transactions. On July 1, 2020, a current refunding took place in which $17,000,000 in new general obligation bonds were issued. Record the transaction on the books of the debt service fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Reference no: EM132762589

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