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debt service fund to recora tne ronos a. On January 2, a $5,000,000, 6%, 10-year general obligation serial bond issue is sold at 99. Interest is payable annually on December 31, along with one-tenth of the original principal. b. At year-end, the first serial bond matures, along with interest on the bond issue. c The general fund transfers cash to meet the matured items. d. A check for the matured items is sent to First Bank, the agent handling the payments. e. Later, the bank reports that the first serial bond has been redeemed. One check for interest f $9,000 was returned by the post office because the bond owner had moved. The bank will search for the new address. Exercise 8 (O 2) Enterprise fund. Prepare journal entries to record the following events in a. From its general fund revenues, the city transferred $300,000, which is restricted for the b. Billings for water consumption for the month totaled $287,000, including $67,000 billed c. The Water Commission collected $42,000 from other funds and $190,000 from other users d. To raise additional funds, the utility issued $700,000 of 596, 10-year revenue bonds at face the city of Rosewood's Water Commission enterprise fund 8 drilling of additional wells. to other funds within the city. on billings in item (b). value. Proceeds are restricted to the development of wells. e. The contract with the well driller showed an estimated cost of $930,000. f. The well driller bills $360,000 at year-end. g The utility pays a $300,000 bill from the well driller. Exercise 9 go 1 3 4) Endowment trust fund, special revenue fund. On January 1, 2018, Jack Bauer donated $200,000 to the city of Alexander to be set aside as a trust fund for water quality improvements made by the city. The funds were fully invested in bonds purchased at a premium with a face value of $194,000. During the year, cash received on investments was ear A rotal of

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