Debt Service Fund expenditures commonly include: a. Fiscal ...

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Debt Service Fund expenditures commonly include:
 
  a. Fiscal agent fees
  b. Interest expenditures
  c. Principal retirement expenditures
  d. All of the above

Question 2

Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew 10,000 from CrystalCleaning, and she contributed 6,000, in her name, to the American Red Cross. The contribution of the 6,000should be recorded on the accounting records of which of the following entities?
 a. Crystal Cleaning and the American Red Cross
  b. Karen Meyer's personal records and the American Red Cross
  c. Karen Meyer's personal records and Crystal Cleaning
  d. Karen Meyer's personal records, Crystal Cleaning, and the American Red Cross

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Answer to Question 1

D

Answer to Question 2

b

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Thank you

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No problemo