d. A police car was purchased for $22,000 plus the trade-in of an old police car with a fair value of $3,000, originally purchased for $15,000 from the general fund. e. The serial bonds funded in...

d. A police car was purchased for $22,000 plus the trade-in of an old police car with a fair value of $3,000, originally purchased for $15,000 from the general fund.

e. The serial bonds funded in transaction (c) were retired on their maturity date.

f. By year-end, $450,000 of the work had been completed on the new library.