Four months prior to year-end, 6 % special assessment bonds totaling $500,000 were issued to fund a steetlight improvement project in a local subdivision. The bonds are secondarily backed by the village. The first $250,000 installment will be due from property owners six months after the initial bond issuance, bt no det paments are due in the first year.

a. Debt Service Fund:. Record the issue of special assessment bonds.

b. Record the current and deferred installment recievable from the local subdivisoin.

c. Governmental Acativites : Record the issue of special assessment bonds

d. Record the current and deferred installment receivable from the local subdivision.

e. Record the interest payable on the special assessment debt.

Marketable equity securities held by the debt service fund increased in value by $10,000 during the year.

Debt Service Fund entries

Governmental Activities entries