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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A Debt Service Fund retires bond principal during the year that is not related to a defeasance. The entry necessary to reflect the principal retirement would be
A.   Debit bonds payable and credit cash.
B.   Debit other financing use and credit cash.
C.   Debit expenditures and credit cash.
D.   Debit other financing source and credit cash.
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3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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goji.go Author
wrote...
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
9 years ago
You're very welcome!
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