Journalize the Following Municipal Zoo Transactions in the Lackluster County

question 21

Essay

Journalize the following municipal zoo transactions in the Lackluster County Enterprise Fund:
1.The zoo issued $1,000,000 of 5% revenue bonds at 99 on July 1,2014 (an interest payment date).The bond proceeds are to be used for a new polar bear exhibit and the issue will mature in 20 years.Interest is paid on January 1 and July 1.
2.Depreciation for the year-ended December 31,2014 included $175,000 for buildings and $105,000 for outdoor exhibit areas.
3.The zoo paid $800,000 in construction costs for the new exhibit.The exhibit is still under construction.
4.Interest on the revenue bonds was accrued at year-end,December 31,2014.Straight-line amortization is used for bond discounts and premiums.

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Definitions:

Diagnostic and Statistical Manual (DSM-IV)

A manual published by the American Psychiatric Association that outlines the standard criteria for the classification and diagnosis of mental disorders.

Psychological Disorders

Mental disorders characterized by patterns of thought, emotion, or behavior that are significantly distressing or impairing in social, work, or other important activities.

Antisocial Personality Disorder

A mental health disorder characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others without any remorse.

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, relationships, and self-image, often resulting in impulsive actions and problems in personal relationships.