{"id":67592,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/750-words-journal-entery-3"},"modified":"2017-08-18T05:49:52","modified_gmt":"2017-08-18T05:49:52","slug":"750-words-journal-entery-3","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/750-words-journal-entery-3\/","title":{"rendered":"750 words journal entery"},"content":{"rendered":"<p>Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions:<\/p>\n<ul>\n<li>The budget for the library<\/li>\n<li>The payment and receipt of funds from the general fund<\/li>\n<li>The issuance of the bonds\n<ul>\n<li>Assume that the premium remained in the capital projects fund.<\/li>\n<li>Identify all of the funds required for these entries.<\/li>\n<li>Discuss how the bond premium could be disposed.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>In general terms, compare and contrast how expenditures are controlled in the general fund and in debt service funds. Explain why differences would occur.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. <a href=\"https:\/\/www.benedictsol.com\/blogs\/750-words-journal-entery-3\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-67592","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/67592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=67592"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/67592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=67592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=67592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=67592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}