Use the Following Information to Answer Questions

question 31

Multiple Choice

Use the following information to answer questions
Voters in Phillips City approved the construction of a new city hall building and approved a $5 million bond issue with a stated rate of interest of 6% to fund the construction.When the bonds were issued, they sold for 101.What are appropriate entries related to the premium?
-In the capital projects fund

• A)Debit Cash $50,000; Credit Revenues $50,000; no other entries required.
• B)Debit Cash $50,000; Credit Other financing sources-transfer $50,000; No other entries required.
• C)Debit Cash $50,000; Credit Revenues; ALSO
• Debit Other financing uses-transfer $50,000; Credit Cash $50,000.
• D)Debit Cash $50,000; Credit Other financing sources-Bond premium $50,000; ALSO
• Debit Other financing uses-transfer $50,000; Credit Cash $50,000.

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Definitions:

Physiological Changes

Modifications or adjustments in the functions or activities of the body as a response to various stimuli or environmental conditions.

Homozygous Dominant

A genetic condition where an individual has two identical dominant alleles for a particular trait.

Heterozygous

Having different allelic genes at one or more paired loci in homologous chromosomes.

Puberty

A stage of development in which the body undergoes physical growth and sexual maturation, leading to reproductive maturity.