On July 1, 2005, the County of Pinecrest issued at face amount $1,200,000 of 30-year, 5%

general obligation term bonds, interest payable each January 1 and July 1, to finance the construction of a public health center.

Prepare journal entries on July 1, 2005, to record the foregoing transaction for all County of Pinecrest funds or voluntarily maintained account groups affected. Identify the funds or account groups.