ACC 548 help A Guide to career/uophelp.com ACC 548 help A Guide to career/uophelp.com | Page 10

Both the reported value of long-term debt and periodic interest charges
should be based on unamortized issue price (plus or minus unamortized
premiums or discounts) and initial yield.
The City of Fairfield issued $100 million of 20-year, 6 percent coupon
bonds (3 percent per semiannual period) for $89.32 million. The price
reflected a yield of 7 percent (3.5 percent period semiannual period).
1.Prepare entries to reflect how the following would be reported in the
city’s government-wide statements:
a. The issuance of the bond
b. The first semiannual payment of interest
c. The second semiannual payment of interest
2. Prepare entries to account for the same transactions in an appropriate
governmental fund.
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ACC 548 Week 3 Proprietary Funds
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ACC 548 Week 3 Proprietary Funds
Review the CAFR obtained in Week One. Review the types of
proprietary funds used by the government entity.
Prepare a new Microsoft PowerPoint ® presentation for the new Board
members. The presentation should be between 8 to 10 slides and include
the following: