If the governing body contritutes 65,000 from the General Fund to a Debt Service Fund, the General Fund statements should report
a. a debt service expenditure of 65,000
b. an other financing use of 65,000
c. a capital contribution of 65,000
d. a reimbursement of 65,000
e. None of the above.
Question 2
On October 30, goods with a list price of 9,500 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30 . Payment is received from the customer on November 5 . The amount recorded in the Sales Discounts Debit column on November 5 is
a. 2,375.
b. 190.
c. 6,762.
d. 142.50.
e. 0.
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