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What amount should japes city report as other financing

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problem 1: Japes City issued $1,000,000 general obligation bonds at 101 to build a new city hall. As part of the bond issue, the city also paid a $500 underwriter fee and $2,000 in debt issue costs. What amount should Japes City report as other financing sources?

Option 1: $1,008,000

Option 2: $1,010,000

Option 3: $1,007,500

Option 4: $1,000,000

Reference no: EM132784484

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