A city issues $20 ?million of general obligation bonds to improve its streets and roads....
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A city issues $ ?million of general obligation bonds to improve its streets and roads. In accordance with the bond covenants, it committed $ ?million to help ensure that it is able to meet its first payment of principal and $ ?for its first payment of interest, neither of which is yet due. The amount of liability that the city should report in its debt service fund isa ?$b ?$ ?millionc ?$ ?milliond ?$ ?million 
A city issues $ ?million of general obligation bonds to improve its streets and roads. In accordance with the bond covenants, it committed $ ?million to help ensure that it is able to meet its first payment of principal and $ ?for its first payment of interest, neither of which is yet due. The amount of liability that the city should report in its debt service fund is
a ?$
b ?$ ?million
c ?$ ?million
d ?$ ?million
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