Listed below are four independent transactions or events that relate to a local government and to a voluntary health and welfare organization:

1. A disbursement of \(\$ 25,000\) was made from the general fund unrestricted assets for the cash purchase of new equipment.

2. An unrestricted cash gift of \(\$ 100.000\) was received from a donor.

3. Investments in common stocks with a total carrying value of \(\$ 50.000\). exclusive of any allowance, were sold by an endowment fund for \(\$ 55.000\), before any dividends were earned on these stocks. There are no restrictions on the gain.

4. General obligation bonds payable with a face amount of \(\$ 1,000,000\) were sold at par, with the proceeds required to be used solely for construction of a new building. This building was completed at a total cost of \(\$ 1,000,000\). and the total amount of bond issue proceeds was disbursed toward this cost. Disregard interest capitalization.

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a. For each of these transactions or events. prepare journal entries, without explanations, specifying the affected funds and showing how these transactions or events should be recorded by a local government whose debt is serviced by general tax revenue.

b. For each of these transactions or events, prepare journal entries, without explanations, specifying the affected funds and showing how these transactions or events should be recorded by a voluntary health and welfare organization.