Kcmayo9106 Kcmayo9106

16-01-2023
Business

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grove township issued $50,000 of bond anticipation notes at face amount in the current year and placed the proceeds into its capital projects fund.all legal steps were taken to refinance the notes, but grove was unable to consummate refinancing. in the capital projects fund, what account should be credited to record the $50,000 proceeds?

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