(Journal entries for several funds)

The following transactions took place during 2005:

1. The city sold some of its street repair equipment. The equipment originally cost $\$ 50,000$, but it was sold for $\$ 500$.

2. A $\$ 2$ million bond issue was sold at par. The bonds were general obligation debt issued to finance the cost of an addition to the local court system building.

3. Nondedicated property taxes totaling $\$ 100,000$ were collected.

4. Construction of a bridge across the Mississippi River was completed at a total cost of $\$ 8$ million. The bridge had been under construction since 2003. Costs incurred in previous years totaled $\$ 7$ million. With respect to the Capital Projects Fund, prepare only the closing entry for the expenditure. The cost of construction was entirely financed by a federal grant.

5. A Debt Service Fund paid the interest on outstanding debt, $\$ 800,000$.

6. A Debt Service Fund retired bonds with a face value of $\$ 3$ million.

7. The General Fund made its annual payment of $\$ 6$ million to a Debt Service Fund. Of this amount, $\$ 4$ million was for retirement of principal.

8. Old office equipment in the mayor's office was discarded. The original cost of the equipment was $\$ 900$.

9. A contract was signed with Legal, Inc., to construct an addition to the court building. The amount of the contract was $\$ 5$ million.

10. The construction costs paid during the year on the court addition were $\$ 500,000$. With respect to the Capital Projects Fund, record only the closing entry for the expenditure. Bonds were used to finance the project.
11. The fire department acquired a new fire engine. The vehicle was ordered earlier in the year. The order was encumbered for $\$ 140,000$. The actual cost was $\$ 138,000$.
Required: Record these transactions in journal form. Also indicate the fund in which each transaction is recorded.