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(Long Term Debt Isuuances) Swenson TOwnship was issued $5,000,000 of 10-year, 6% bonds on JUly,...

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Accounting

(Long Term Debt Isuuances) Swenson TOwnship was issued $5,000,000 of 10-year, 6% bonds on JUly, 20x8. Bond Issue costs of $93,000 were incurred. The bonds were issued to finance a courthouse expansio.

Record the Bond issue in the Capital Projects Fund under each of the following assumptions

(a) the bonds were issued at par

(b) the bonds were issued at a 3% premium

(c) the Bonds were issued at a 2% discount

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