20 asap

Santa Maria Village received voter approval to issue bonds for construction of a bike poth, including restrooms and picnic shelters, along village oceanfront. The finance department has discussed three different financing mechanisms. As a new accountant for the village, you want to be prepared to record each option Required 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.) (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Transaction Fund / Governmental General Journal Debit Credit Activies 1. The village sells $3,600,000 of 3 percent construction-related bonds at par. The construction is related to governmental activities. Capital Projects Fund Record the sale of $3,600,000 3% construction-related bonds at par in connection with governmental activities in Capital Projects Fund. Govermental Activities Record the sale of $3,600,000 3% construction-related bonds at par in connection with governmental activities in Governmental Activities 2. The Village secures a bond anticipation note payable in the amount of $166,000 to pay initial expenses. This note is considered short-term 2 Capital Projects Fund Record the payment of $166.000 initial expenses on the short-term note payable in Capital Projects Fund, 2. The village secures a bond anticipation note payable in the amount of $166,000 to pay initial expenses. This note is considered short-term 2 Capital Projects Fund Record the payment of $166,000 initial expenses on the short-term note payable in Capital Projects Fund Governmental Activities Record the payment of $165,000 initial expenses on the short-term note payable in Governmental Activities 3. The village secures a bond anticipation note in the amount of $660,000 to pay initial expenses for construction of a convention center. The debt is considered long-term 3 Capital Projects Fund Record the payment of $660,000 initial expenses for construction of convention center on the long-term note payable in Capital Projects Fund Governmental Activities Record the payment of $660,000 initial expenses for construction of convention center on the long-term note payable in Governmental Activities