Record the following transactions of the Greene County, Ohio, general government activities for the year ended December 31, 20X7. Make all required entries.
1. The county uses the modified approach to report roads and bridges, which are reported as infrastructure in governmental activities in the government-wide financial statements. The county spent $2,349,688 in the fiscal year to maintain its roads and bridges at an acceptable level.
2. The county sold general government equipment during 20X7 for $54,538. The cost of the equipment was $800,000 and the related accumulated depreciation was $534,598.
3. Depreciable assets at January 1 included:
• Buildings, structures, and improvements of $35,036,945 being depreciated over 40 years.
• Capitalized leases of equipment of $46,896 being depreciated over 2 years.
• Equipment, furniture and fixtures of $9,409,251 being depreciated over 12 years.
4. Greene County paid interest of $745,034 and principal of $425,000 on its general obligation bonds.
5. The county participates in the Ohio Public Employees Retirement System (OPERS). The county contributed $4,941,519 to OPERS during 20X7 for its employees, which was the actuarially required amount.
6. The county transferred the following amounts from the General Fund to other funds:
• Health and Human Services Special Revenue Fund, $508,122.
• Capital Projects Fund, $2,299.
• Water and Sewer Enterprise Fund, $192,505.
• Internal Service Fund, $2,782.