On October 31, 2020, the Village of Lexington issued $1,000,000 of 3% general obligation serial bonds. The bonds pay interest on April 30 and October 31. Starting on October 31, 2021, the first of 20 equal annual serial payments of $50,000 was made.  At December 31, 2022, what is the amount of accrued but unmatured interest that is not reported by the debt service fund?   A. $4,875. B. $5,000. C. $4,500. D. $4,750.

The City of Fremont's fiscal year ends June 30. The city issued the following general obligation bonds: 1. On July 1, 2017, the city issued 4 percent, $100,000 face value, 10-year bonds for $108,531, to yield 3 percent. Interest is payable on June 30 of each year. 2. On january 1, 2019, the city issued 2 percent, $100,000 face value, 10-year bonds for $91,470, to yield 3 percent. Interest is payable on December 31 of each year. a. Determine the amounts reported in the government-wide statement of activities and statement of net position for fiscal year 2020, related to the bonds. b. Determine the amounts reported in the governmental funds statement of revenues, expenditures, and changes in fund balances and balance sheet for fiscal year 2020, related to the bonds.

Required information [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $451,244. 1. How will the bond issuance on January 1, 2024, affect the financial statements? Complete this question by entering your answers in the tabs below. Req 1 How will the bond issuance on January 1, 2024, affect the financial statements? Note: Amounts to be deducted should be indicated by a minus sign. Assets Balance Sheet Liabilities Income Statement Stockholders' Equity Common Stock Retained Earnings Revenues Expenses Net Income

On January 1, 2024, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 6,095,749 1 228,000 243,830 15,830 6,111,579 2 228,000 244,463 16,463 6,128,042 3 228,000 245,122 17,122 6,145,164 4 228,000 245,807 17,807 6,162,971 5 228,000 246,519 18,519 6,181,490 6 228,000 247,260 19,260 6,200,750 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 228,000 295,564 67,564 7,456,656 39 228,000 298,266 70,266 7,526,922 40 228,000 301,078 73,078 7,600,000 Required: What is the face amount of the bonds? What is the initial selling price of the bonds? What is the term to maturity in years? Interest is determined by what approach? What is the stated annual interest rate? What is the effective annual interest rate? What is the total cash interest paid over the term to maturity? What is the total effective interest…