2 Prepare journal entries for capital projects fund and the government-wide governmental activities general journal for each of the following unrelated transactions. (The General Fund should not be used) of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 25 points Transaction Fund Governmental Activties Answer is not complete. General Journal Debit Credi 1 A lown secures a note payable in the amount of $170,000 to pey initial expenses for construction of a new police station. Town administrations plan to repey this note within three months with tax revenues and issue a construction bond shortly thereaf 1 Capital Projects Fund Cash Notes Paybale Governmental Active Cash Notes Paybale 0 0 0 0 2. A county secures a bond anticipation note in the amount of $500,000 to pay initial expenses for construction of a convention center. The board of county commissioners recommended that the finance department refinance the bond anticipation note by issuing a construction bond when construction activity begins 2 Capital Projects Fund Cash 0 Other Financing Sources-Proceeds of Bonds Anticipation Notes Governmental Activites Cash Bond Anticipation Notes Payable 3. Due to an unexpected change in interest rates, a village issued a $3.350,000 bond at 98 percent of par value. The bond was issued construction of a bike path, including restrooms and picnic sheters. It is expected that the shortage will be covered by a future transler from another und . Capital Projects Fund Cash Other Financing Uses-Discount on Blonde Other Financing Sources-Proceeds of Bonds 600 Oovemmental Cash Act Discount on Bonds Payable Bonds Payable 000 4.A city issued a $5,700.000 bond at 101 to fund construction of a city hall addition. (You can assume that the premium is directly deposted in the dett service fund, and you need not prepare the debt service und entry) Capital Projects Fund Cash Other Financing Sources-Proceeds of Bonds 00 Governmental Activities Cash Bonds Payable Premium on Bonds Payable 000 5.A borough gold $3,700,000 of 5 percent construction related bonds dated January 1 on March 1 at par. The construction rated to governmental active 5 Capital Projects Fund Cash Other Financing Sources-Proceeds of Bonds Governmental Activisee Cash Bonds Paya Accured interest Payable for Expensest on Bon 00000