1. Anthony Walker died and left 100 acres of undeveloped land to the city for a future park. He acquired the land at $100 an acre, but at the date of his death, the land was appraised at \$7,400 an acre. 2. The city authorized the transfer of $100,000 of general revenues and the issuance of $940,000 in general obligation bonds to construct improvements on the donated land. The bonds were sold at par. 3. The improvements were completed at a cost of $1,040,000, and the operation of the park was turned over to the City Parks Department. No. Account Titles and Explanation Debit Credit 1. Government-Wide Statement of Net Position 2. General Fund Capital Projects Fund (To record issuance of bonds) (To record transfer of general revenues) Government-Wide Statement of Net Position 3. Capital Projects Fund (To record payment) (To close expenditures and related accounts to fund balance) 3. Capital Projects Fund (To record payment) (To close expenditures and related accounts to fund balance) Government-Wide Statement of Net Position