Gaffney City’s serial bonds are serviced through a debt service fund with cash provided by the…

Gaffney City’s serial bonds are serviced through a debt service fund with cash provided by the general fund. In a debt service fund’s statements, how are cash receipts and cash payments reported?

Cash Receipts

Cash Payments

RevenuesExpenditures

Expenditures

RevenuesOperating

Operating transfers

Operating transfers

Expenditures

Operating transfers

Operating transfers

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