Dale City is accumulating financial resources that are legally restricted to payments of general long-term debt principal and interest maturing in future years. At December 31 of the current year, $5,000,000 has been accumulated for principal payments, and $300,000 has been accumulated for interest payments, These restricted funds should be accounted for in the
Debt Service Fund General Funda) $0 $5,300,000
b) $300,000 $5,000,000
c) $5,000,000 $300,000
d) $5,300,000 $0
Answer: D
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