acc 410 ch 8 9 homework
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ACC410
Week 6 homework - Chapter 8-9
Chapter 8
Problem 8-4
1 Cash200
Other financing sources-proceeds200
From issuance of long term debt
Record issuance of BANs
2 No entry is required
3 Other financing sources-proceeds200
From issuance of long term debt
BANs payable200
Record the BANs as a current fund liability
4 The BANs would be reported as a liability regardless if the state was able to convert.
Problem 8-7
1 a. No entry is required
b. No entry is required
c. Cash8,000,000
Other financing sources-bond proceeds8,000,000
Record issuance of bonds (capital projects fund)
Construction expenditures1,000,000Cash1,000,000
Record construction costs (capital projects fund)
d. Rent expenditure40,000
Cash...
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