Hello, please help with this showing calculations step by step. Thank you :) A small...
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Hello, please help with this showing calculations step by step. Thank you :)
A small village $2 million of bonds on April 1, 2022. The first payment of principal was due April 1, 2023, but interest at 6 percent per annum on the outstanding debt was due on October 1, 2022 and April 1, 2023. How much interest expenditure (expense) should the village recognize in its governmental fund and government-wide financial statements for the calendar year 2022?
| governmental Fund Statements | Government-Wide Statements |
| ? | ? |
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