Homework Answers
Answer ;
As a $4,968,750 revenue in the capital projects fund and a $50,000 revenue in the debt service fund
Reason : As Given in the question that the remaining funds are transferred to debt service fund $50,000 revenue is shown in Debt service fund.
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On October 1 2019, the City of Thomasvillessed 55.000,000 in 4% general obligation bonds at 101...
On October 1, 2019, the City of Thomasville issued $5,000,000 in 4% general obligation bonds at...
On October 1, 2019, the City of Thomasville issued $5,000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of 54968,750 was used to construct the addition, which was completed prior to June 30, 2020. The remaining funds were transferred to the debt service fund. The bonds were dated October 1 2019, and paid interest on April 1 and October 1....
On October 1, 2019, the City of Thomasville issued 55,000,000 in 4% general obligation bonds at...
On October 1, 2019, the City of Thomasville issued 55,000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service lund. A total of $4,968.750 was used to construct the addition, which was completed prior to June 30, 2020 The remaining funds were transferred to the debt service fund. The bonds were dated October 1, 2019, and paid interest on April 1 and October 1....
USC WU TUNU U diswer the next Three questions: On October 1, 2016, the City of...
USC WU TUNU U diswer the next Three questions: On October 1, 2016, the City of Mizner issued $5,000,0 101 for the purpose of constructing an addition to City Hal debt service fund. A total of $4.968.750 was used to construct prior to June 30, 2017. The remaining funds were tr were dated October 1, 2016, and paid interest on April principal payments of $250,000 is due October 1, 201 June 30. ef issued $5,000,000 in 4%. general obligation bonds...
Use the following to answer the next six questions: During the fiscal year ended December 31,...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
The Village of Hawksbill issued $5,000,000 in 5 percent general obligation, tax-supported bonds on July 1,...
The Village of Hawksbill issued $5,000,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 102. A fiscal agent is not used Resources for principal and Interest payments are to come from the General Fund Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year LA capital projects fund transferred the premium (in the amount of $100,000) to...
The Village of Hawksbill issued $4,400,000 in 5 percent general obligation, tax-supported bonds on July 1,...
The Village of Hawksbill issued $4,400,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 101. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year. 1. A capital projects fund transferred the premium (in the amount of $44,000)...
The Village of Hawksbill issued $4,700,000 in 5 percent general obligation, tax-supported bonds on July 1,...
The Village of Hawksbill issued $4,700,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 102. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year 1. A capital projects fund transferred the premium in the amount of $94,000)...
The City of Waterman established a capital projects fund for the construction of an access ramp...
The City of Waterman established a capital projects fund for the construction of an access ramp from the parking garage to the city's office building to be used by individuals with disabilities. The estimated cost of the ramp is $221,000. On January 1, 20X2, a 10 percent, $160,000 bond issue was sold at 104 with the premium transferred to the debt service fund. At that date, the county board provided a $61,000 grant. After a period of negotiation, the city...
Please bold answer in explanation The Village of Hawksbill issued $5,200.000 in 5 percent general obligation,...
Please bold answer in explanation
The Village of Hawksbill issued $5,200.000 in 5 percent general obligation, tax-supported bonds on July 1, 2019. at 102. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year. 1. A capital projects fund transferred the premium...
Please bold answer in explanation The Village of Hawksbill issued $5,200,000 in 5 percent general obligation,...
Please bold answer in
explanation
The Village of Hawksbill issued $5,200,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 102. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year. 1. A capital projects fund transferred the premium...
On October 1, 2019, the City of Thomasville issued $5,000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of 54968,750 was used to construct the addition, which was completed prior to June 30, 2020. The remaining funds were transferred to the debt service fund. The bonds were dated October 1 2019, and paid interest on April 1 and October 1....
On October 1, 2019, the City of Thomasville issued 55,000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service lund. A total of $4,968.750 was used to construct the addition, which was completed prior to June 30, 2020 The remaining funds were transferred to the debt service fund. The bonds were dated October 1, 2019, and paid interest on April 1 and October 1....
USC WU TUNU U diswer the next Three questions: On October 1, 2016, the City of Mizner issued $5,000,0 101 for the purpose of constructing an addition to City Hal debt service fund. A total of $4.968.750 was used to construct prior to June 30, 2017. The remaining funds were tr were dated October 1, 2016, and paid interest on April principal payments of $250,000 is due October 1, 201 June 30. ef issued $5,000,000 in 4%. general obligation bonds...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
The Village of Hawksbill issued $5,000,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 102. A fiscal agent is not used Resources for principal and Interest payments are to come from the General Fund Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year LA capital projects fund transferred the premium (in the amount of $100,000) to...
The Village of Hawksbill issued $4,700,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 102. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year 1. A capital projects fund transferred the premium in the amount of $94,000)...
The City of Waterman established a capital projects fund for the construction of an access ramp from the parking garage to the city's office building to be used by individuals with disabilities. The estimated cost of the ramp is $221,000. On January 1, 20X2, a 10 percent, $160,000 bond issue was sold at 104 with the premium transferred to the debt service fund. At that date, the county board provided a $61,000 grant. After a period of negotiation, the city...
Please bold answer in explanation
The Village of Hawksbill issued $5,200.000 in 5 percent general obligation, tax-supported bonds on July 1, 2019. at 102. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year. 1. A capital projects fund transferred the premium...
Please bold answer in
explanation
The Village of Hawksbill issued $5,200,000 in 5 percent general obligation, tax-supported bonds on July 1, 2019, at 102. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2020. Hawksbill has a calendar fiscal year. 1. A capital projects fund transferred the premium...
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