The General Fund of the City of Castle Rock Transfers

question 71

Multiple Choice

The General Fund of the City of Castle Rock transfers $115,000 to the debt service fund for a $100,000 bond principal and $15,000 interest payment.Subsequent payment of the principal and interest would include:

• A) A debit to Expenditures - Bond Interest in the debt service fund.
• B) A debit to Other Financing Uses - Principal and Interest Payments in the debt service fund.
• C) A debit to Interest Expenditures in the General Fund.
• D) A debit to Interest Expenditures in the governmental activities accounts.

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