Review for final. Property tax levy required 3,360,500. The debt service fund is not used for a capital lease. State grant is used before the use of bond proceeds. Total liabilities 2,129,000.
Liability is due to utility fund.
Part 2a, credit of 11,750,000 to common stock. 1b, debit add'l pd. Other paid in capital 2,200,000 pooling, and 10,500,000 purchase. Total assets 49,300,000 for purchase. The 50,000 for registering securities goes to other paid in capital.