The following transactions take place:1. A cement mixer was purchased with resources of the general fund.2. A contract was signed for the construction of a new civic center.3. Bonds were issued to...

The following transactions take place:1. A cement mixer was purchased with resources of the general fund.2. A contract was signed for the construction of a new civic center.3. Bonds were issued to finance the construction of the new civic center.4. Construction of the civic center was completed.Required:Indicate the name of the fund(s) in which each of the transactions or events should be recorded.View Solution:

The following transactions take place 1 A cement mixer was