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explanation
Homework Answers
Required: Journal entries
| Date | General Journal | Debit | Credit |
| 1 | Cash | $23,000,000 | |
| Other financing sources refunding Bond issue | $23,000,000 | ||
| (To record the issue of bonds) | |||
| 2 | Other financing uses - Refunding of existing debt | $23,000,000 | |
| Cash | $23,000,000 | ||
| (To record the refunding of bonds) |
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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...
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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...
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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)...
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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)...
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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...
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...
On July 1, 2019, the first day of its 2020 fiscal year, the Town
of Bear Creek issued at par $2,400,000 of 10 percent term bonds to
renovate a historic wing of its main administrative building. The
bonds mature in five years on July 1, 2024. Interest is payable
semiannually on January 1 and July 1. As illustrated in the table
below, a sinking fund is to be established with equal semiannual
additions made on June 30 and December 31....
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)...
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