asked 186k views
5 votes
A county accounts for its debt service payments in the Debt Service Fund. The amount of unmatured, unpaid interest on general long-term liabilities at the beginning of the year was $122,000. The ending balance was $165,000. The Debt Service Fund made principal payments of $600,000 and interest payments of $150,000 during the year. The Debt Service Fund should report expenditures for debt service for the year of

A. $150,000.
B. $722,000
C. $750,000
D.$793,000.

asked
User CSawy
by
8.1k points

1 Answer

4 votes

Answer:

D.$793,000.

Step-by-step explanation:

Please see attachment

A county accounts for its debt service payments in the Debt Service Fund. The amount-example-1
answered
User Kristianlm
by
8.2k points
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