SaiTu Village reported outstanding long- term bonds payable of $ 6,000,000 in the governmental activities column of its government- wide statement of net position for the year ended December 31, 2013. During 2014, SaiTu Village sold $ 500,000 of new general obligation bonds and redeemed $ 300,000 of bonds outstanding at the beginning of the year. Prepare journal entries needed to adjust SaiTu’s fund financial statements so government- wide statements can be prepared for the year ended December 31, 2014.