Issues general obligation bonds


On january 1, 2009, Marilyn County issues general obligation bonds in the amount of $900,000 to build a community center. The debt will be paid off in 30 equal semiannual installments of $30,000 over 15-year period commencing October 1,2009, with interest of 6 percent per annum on the outstanding debt.

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Accounting Basics: Issues general obligation bonds
Reference No:- TGS059637

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