d. To raise additional funds, the utility issued $700,000 of 5%, 10-year revenue bonds at face value. Proceeds are restricted to the development of wells. e. The contract with the well driller showed...

d. To raise additional funds, the utility issued $700,000 of 5%, 10-year revenue bonds at face value. Proceeds are restricted to the development of wells.

e. The contract with the well driller showed an estimated cost of $930,000.

f. The well driller bills $360,000 at year-end.

g. The utility pays a $300,000 bill from the well driller.