Funds for payments of principal over the life

Reference no: EM139681

How to figure out a problem;

• Space coast city issued the following during the year ended September 30, 2010: (1) $200,000 in bonds for the installation of stop signs, to be assessed against properties benefited, but secondarily backed by the city; (2) $320,000 in bonds for construction of a coin operated bathroom facility at the beach to be paid from fees collected from users

• How much is debt service funds for payments of principal over the life of the bonds?

• How do you report the other?

Reference no: EM139681

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