On October 1,2023, the City of Mizner issued $6,000,000 in 4%, general obligation bonds at...
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On October the City of Mizner issued $ in general obligation bonds at for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of $ was used to construct the addition, which was completed prior to June The remaining funds were transferred to the debt service fund. The bonds were dated October and paid interest on April and October The first of annual principal payments of $ is due October The fiscal year for Mizner is July June How would the construction costs of $ be reported at yearend?
On October the City of Mizner issued $ in general obligation bonds at for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of $ was used to construct the addition, which was completed prior to June The remaining funds were transferred to the debt service fund. The bonds were dated October and paid interest on April and October The first of annual principal payments of $ is due October The fiscal year for Mizner is July June
How would the construction costs of $ be reported at yearend?
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