Journalizing General Fund Transactions

lashellems318 Posts: 1, Reputation: 1

New Member

Jan 12, 2011, 10:17 PM

Journalizing General Fund Transactions

Issued $20 million in long-term bonds
Cash 20
Proceeds from borrowing 20

pready Posts: 3,197, Reputation: 207

Ultra Member

Jan 13, 2011, 08:58 PM

Debit Cash for the amount
Credit Bonds Payable for the amount

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