The following information pertains to activities for the construction of an office building (the project hereafter) in capital project fund (CPF) of SB city during the fiscal year 2017 ending on 12/31/2017:Prepare the necessary Journal Entries:1) GF issued $5,000,000 of 8% serial bond at 102 to finance the project on 1/1/2017. Interest of $400,000 is due on 12/31/2017 and decreasing amounts every 12/31 for the next 9 years after that. The principal maturity of $500,000 is due on 12/31/2017.
- RECOMMENDED!!ACC 317-Summarize the major benefits of forming a corporation
- RECOMMENDED!!ACCT 324-Drab Corporation, a calendar year S corporation,
- RECOMMENDED!!QNT 561 BUSSINESS-To prepare the statement of cash flows, accountants for Vinson
- RECOMMENDED!!MBA 641-Glass company manufactures glasses that it sells
- RECOMMENDED!!ACCT 151-Trego Company issued, on December 31, 2018