Business, 04.07.2019 22:30 sabrinarasull1pe6s61

Excel city has $1,000,000 of 8%, 10 year general obligation bonds outstanding. the bonds were issue on october 1, 20x8 to finance construction of city park improvements. interest is payable semiannually on october 1 and april 1. the bonds also require an annual principal payment of $100,000 each april 1. what amount of debt service expenditures should the government report in its debt service fund for the year ended december 31, 20x9? a) $76,000 b) $80,000 c) $174,000 d) $176,000

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Excel city has $1,000,000 of 8%, 10 year general obligation bonds outstanding. the bonds were issue...