Determine the correct debit account from among the choices below: a. Expenditures ...

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Accounting

Determine the correct debit account from among the choices below:
a. Expenditures
b. Extraordinary Items
c. Encumbrances
d. Answer not included in the above selections
The Debt Service Fund recognizes a principal payment that is currently due on a Bond debt.
A contract is signed with ABC Construction for a project related to the Capital Projects Fund in the
amount of $8,400,000.
The city invests 30% of the bond proceeds in short term investments.
A city's water supply is contaminated by terrorists. Costs of clean-up, disposal, and importation of a
fresh water supply total $50,000,000.
The General Fund incurs and pays salaries totaling $400,000.
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