Prepare journal entries to record the following transactions in the proper fund(s) of Coroner Township. Clear indicate the fund in which each entry is recorded.

1. The city council passed a resolution approving a general operating budget of $6,700,000 for the fiscal year. Total revenues are estimated at $5,300,000.

2. The city council passed an ordinance providing a property tax levy of $4.50 per $100 of assessed valuation for the fiscal year. Total property valuation in the city is $230,000,000. Property is assessed at 40% of current property valuation. Property tax bills are mailed to property owners. An estimated 6% will be uncollectible.

3. The city sold a general obligation term bond issue for $2,000,000 at 103 to a major brokerage firm. The state interest rate is 8%. Construction of a new Recreation Building will be financed by the bond issue proceeds.

4. The Recreation Building (3 above) is completed. Contracts and expenses total $2,190,000, and all have been paid are recorded in the Capital Projects Fund. Prepare entries to close this project and record the completion of the project in all other funds. Any balance in the Capital Projects Fund is to be applied to payment of interest and principal of the bond issue.

5. Proceeds amounting to $19,000 were received as a result of rental fees of the community center conference room.

6. The City Power Company (an enterprise fund) issued a bill for $400,000 for electricity provided to all buildings and houses in the city, $80,000 of which was provided to municipal government buildings.