UESTION 2 Match each of the following transactions of a capital projects fund established for...
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UESTION 2 Match each of the following transactions of a capital projects fund established for the construction of a new fire station to the section of the statement of revenue, expenditures, and changes in fund balance where it would be presented. C Received s980,000 in state grant funds for the construction of the new A. Expenditures fire station. B. Revenues a transfer from the General Fund of $500,000 as a contribution for the new fire station. Other financing sources (uses) Paid out $350,000 to the general contractor for the Arst progress billing. on the construction of the new fire station. D Is not reported on the statement of revenue, expenditures, and changes in E. Special and extraordinary items fund balance C Recelved $4,800,000 from the proceeds of a general obligation bond issued to construct the new fire station, Repaid $100,000 in principal on the general obligation bonds Paid $20,000 in interest on the general obligation bonds Received $500,000 from a revenue anticipation note issued to the local bank to meet cash needs, to be repaid with the issuance of a general oblication bond. s from the temporary invenstment of general obligation bond proceeds

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