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Business, 18.08.2019 03:20 Ycdi

The voters in ohio city approved the construction of a new city hall building and approved a $5 million bond issue with a stated rate of interest of 6% to fund the construction. when the bonds were issued, they sold for 101. what are appropriate entries related to the premium? in the debt service fund debit cash $50.000; credit revenues $50,000; no other entries required. debit cash $50,000; credit other financing sources—nonreciprocal transfer-in $50,000; no other entries required. debit other financing sources—non-reciprocal transfer out $50,000; credit cash $50,000. no entry in the debt service fund.

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