Use the Following Information to Answer Questions

question 24

Multiple Choice

Use the following information to answer questions
Calhoun County makes annual transfers from the general fund to the debt service fund to pay principal and interest on long-term debt.
-In the debt service fund, what is the appropriate entry when the principal payment is made?

• A)Debit Bonds Payable; Credit Cash.
• B)Debit Expenditures; Credit Cash.
• C)Debit Other Financing Uses-Transfer; Credit Cash.
• D)No entry is required.

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Definitions:

Fine Motor Skills

The coordination of small muscle movements in activities like writing, tying shoelaces, and using tools, often involving the fingers and hands.

Gross Motor Skills

The skills needed to manage the big muscles in the body for actions such as walking, running, sitting, and similar activities.

Macro Motor Skills

Large physical movements and actions that involve the coordination of muscles, such as walking, jumping, or running.

Myelinated

Describes nerve fibers that are covered with myelin, a fatty substance that insulates neurons and speeds up electrical transmission along the nerve.