Requirements:
1 $\underline{\text{ Transactions: }}$ 1 the County Issued $2,500 of 8-Month, 9% Bond Anticipation

question 12

Short Answer

Requirements:
1. Prepare all the entries required in the Jail Addition Capital Projects Fund for Franklin County for the following transactions and events. No explanations are required. If no entry is required, state "No entry required" and state why. Assume that the bond anticipation notes meet the criteria for being treated as long-term debt. June 30 is the fiscal year end for Franklin County. All amounts are in thousands of dollars.
2. Indicate the effects of each transaction on the accounting equation of the Capital Projects Fund and on the General Capital Assets and General Long-Term Liabilities accounts. If an element is not affected, put "NE" in the appropriate box.
$\underline{\text{ Transactions: }}$
1. The county issued $2,500 of 8-month, 9% bond anticipation notes on August 1, 20X3. The proceeds are to be used to begin construction of a recently approved addition to the county jail.
2. On July 10, the county signed a contract for $5,000,000 for construction of the addition.
3. On November 30, the contractor billed the county for 40% of the work on the jail addition. The actual cost of the work was $2,200. The county paid all but 10% of the amount billed. The balance is to be paid upon completion and approval of the project.
4. The county issued $5,000 of 10-year, 8% bonds at par on March 31, 20X4. Bond issue costs of $50 were withheld from the proceeds. Interest and one-tenth of the principal are payable annually on the bonds. The bond proceeds are to be used to repay the bond anticipation notes and to finance construction of the jail addition.
5. On March 31, the county transferred $200 from the General Fund to the Jail Addition Capital Projects Fund to provide additional funding for the project. The BANs and interest also were paid on that date.
6. In May, the contractor billed the county $2,800 for the remainder of the work on the jail. The county approved the facility and paid the contractor all amounts owed.

Understand the dynamics of dysfunctional parenting and its impact on child development.

Examine the role of digital and virtual identities in contemporary social interaction.

Understand the concept, process, and goal of an intervention in the context of substance abuse.

Recognize legal and ethical considerations related to interventions and court-mandated treatments.

---

Definitions:

Violent Video Games

Digital games characterized by scenarios that involve players engaging in acts of virtual violence or aggression.

Real-Life Violence

Acts of physical force or intimidation aimed at causing harm or injury to individuals or groups outside of fictional or simulated scenarios.

Breach of Duty

Failure to perform an expected duty or obligation, resulting in legal liability.

Standard of Care

The degree of care or competence that one is legally required to uphold, often used in determining negligence in professional and medical fields.