On the Due Date for a Bond Interest and Principal

question 23

Multiple Choice

On the due date for a bond interest and principal payment, the debt service fund journal entry (or entries) will include: 

• A) A debit to Bonds Payable.
• B) A debit to Interfund Transfers Out.
• C) A debit to Expenditures-Bond Interest.
• D) A debit to Interest Expense.

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Definitions:

Diet

The sum of the food consumed by a person or organism, often tailored for health, weight management, or specific nutritional needs.

Skull

The bony structure forming the head, protecting the brain, and supporting the structures of the face.

Rib Cage

The skeletal structure surrounding the chest cavity that protects the heart, lungs, and other organs; made up of ribs, sternum, and costal cartilages.

Epiphyseal Disk

A plate of cartilage between the epiphysis and the diaphysis.