d $300,000 of interest on general government bonds.   The government entered a capital lease for equipment with a capitalizable cost of $700,000. A $150,000 initial рауment was made   The govern ment pui chased new computer equipment for the police department at a cost of $43,000. please avoid handwritten solution thanks

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare journal entries for all the funds AND IDENTIFY THEM and the General Capital Assets and General Long-Term Liabilities accounts affected by the following transactions

The government paid $605,000 from the General Fund to the fund used to service its general government bonds.

 

The government issued bonds of $13,000,000 at par. The bonds are to be used to finance construction of a major public park.

 

The government paid $400,000 of principal and $300,000 of interest on general government bonds.

 

The government entered a capital lease for equipment with a capitalizable cost of $700,000. A $150,000 initial рауment was made

 

The govern ment pui chased new computer equipment for the police department at a cost of $43,000.

please avoid handwritten solution thanks

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