In the Debt Service Fund, What Is the Appropriate Entry

question 5

Multiple Choice

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-nonreciprocal transfer-out; Credit Cash.
• D)No entry is required.
• Use the following information to answer questions 28 - 29.
• The citizens of a specific area of the City of Arlington approved the construction of sidewalks in their residential neighborhood and approved a $1 million bond issue to finance construction of those sidewalks.The citizens agreed to assess themselves for 20 years in an amount sufficient to pay principal and interest on the bonds.The city will oversee the construction of the sidewalks and act as agent for servicing the debt.The city does not guarantee the debt nor does it assume any legal or moral obligation for the bonds.

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Definitions:

Palpation

A type of touch used by healthcare providers to determine characteristics such as texture, temperature, shape, and the presence of movement.

Lithotomy Position

is a medical position where the patient lies on their back with legs elevated and separated, often used during childbirth and gynecological surgery.

Severe Arthritis

A form of arthritis characterized by intense pain, stiffness, and swelling in the joints, resulting in significant impairment of daily activities and mobility.

Joint Deformity

A condition involving abnormality in the shape, structure, or position of a joint, often resulting from diseases like arthritis or injury.