Answer:
The multiple choices are:
a.$15,000,000
b. $14,000,
c. $13,750,000
d. $0
The correct option is D,$0
Step-by-step explanation:
The city by all standards should have adopted a modified accrual basis of accounting where amounts owed in terms of principal and interest payments are not recorded in the necessary books of accounts until they become due.
As at 30,2020,the amount due in respect of the loan has been recorded and paid off,hence as at 31st December,2020,no amount is due in respect of the general obligation bonds issued,hence no recording would be effected until next obligation date when the amount to be paid is due