Asked by Stacey
Journalizing in a General Fund:
Modified Accrual Basis:
Issued $20 million in long-term bonds.
Acquired several tracts of land at a total cost of $4million, paying the entire amount in cash.
Modified Accrual Basis:
Issued $20 million in long-term bonds.
Acquired several tracts of land at a total cost of $4million, paying the entire amount in cash.