In early 2020, design plans and specifications for the first project, the elm street project, were submitted by a construction engineering firm. the firm billed the street improvement fund for $150,000.required: record this billing and the related vouchers payable liability in the street improvement fund and governmental activities journals. (note: this transaction was not encumbered.)

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.