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  3. on october 1, 2019, the city of thomasville issued

On October 1, 2019, the City of Thomasville issued $5,000,000 in 4% general obligation bonds...

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Accounting

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On October 1, 2019, the City of Thomasville issued $5,000,000 in 4% general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of 54968,750 was used to construct the addition, which was completed prior to June 30, 2020. The remaining funds were transferred to the debt service fund. The bonds were dated October 1 2019, and paid interest on April 1 and October 1. The first of 20 annual principal payments of $250,000 is due October 1, 2020. The fiscal year for Thomasville is July 1 - June 30. How would the construction costs be reported at year-end? Multiple Choice o As an expenditure of the capital projects fund and an expensen the go wide Statement of Activities As a capital ansetin e Stacement of As an expendture of the capital projects und only come und and a cat e government wide Statement of Net Pos

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