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Social Studies, 04.11.2019 21:31 emmdolzx

Previously atomic city had issued bonds with a face value of $10 million to construct a new city hall. because the money will not be needed for several months, the city invested the bond proceeds in u. s. government securities. assuming that the city maintains its books and records in a manner that facilitates the preparation of the fund financial statements, what is the appropriate entry when the city receives interest on the investments?

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