Dale City is accumulating financial resources that are legally restricted to payments of general long-term debt principal and interest maturing in future years. At December 31, 2005, $5,000,000 has been accumulated for principal payments and $300,000 has been accumulated for interest payments. These restricted funds should be accounted for in the
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|
Debt service fund |
General fund |
|
|
a. |
$0 |
$5,300,000 |
|
b. |
$ 300,000 |
$5,000,000 |
|
c. |
$5,000,000 |
$ 300,000 |
|
d. |
$5,300,000 |
$0 |