Homework Answers
| Books of the city of Bridgeport | |||
| Amount in million | |||
| Ref. | Description | Debit | Credit |
| 1 | Bank / Cash | $ 19.50 | |
| General Obligation Bonds | $ 18.00 | ||
| Premium on issue of General Obligation Bonds | $ 1.50 | ||
| ( Proeceeds received from the Issue of General Obligation Bonds to build a new outdoor music Arena - Harbor Arena ) | |||
| 2 | Premium on issue of General Obligation Bonds | $ 1.50 | |
| Debt Service Fund Account . | $ 1.50 | ||
| ( Premiun received from the issue of General Obligation Bonds is transferred to the Debt Service Fund Account ) | |||
| 3 | Bank / Cash | $ 14.60 | |
| Discount on issue of General Obligation Bonds | $ 0.40 | ||
| General Obligation Bonds . | $ 15.00 | ||
| ( Proeceeds received from the Issue of General Obligation Bonds to construct a New Road. ) | |||
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