A transaction in which a government issues general obligation ...

[Garrulous]

A transaction in which a government issues general obligation bonds to finance the construction of a new police station would
 
  A. Increase liabilities in a Debt Service Fund.
  B. Increase liabilities in a Capital Projects Fund.
  C. Decrease fund balance in a Debt Service Fund.
  D. Increase fund balance in a Capital Projects Fund.

Question 2

Earning revenue
 a. increases assets, increases owner's equity
  b. increases assets, decreases owner's equity
  c. increases one asset, decreases another asset
  d. decreases assets, increases liabilities

[Awesome]

Answer to Question 1

D

Answer to Question 2

a

[Garrulous]

Wow, this really help

[ebonylittles]

Thanks for the timely response, appreciate it