5. Award: 3.60 points Residents from the Town of Mountain View authorized a $2,000,000 renovation to their historic town hall on November 15 2019. Financing for the project consists of $1,000,000 from a 6 percent serial bond issue. $500,000 from a state grant and $500.000 from the General Fund, Debt service for the serial bonds will be provided by a one-quarter-cent city sales tax imposed on every dollar of sales in the city. The town has a calendar year-end. Required Prepare journal entries to record the related transactions in the town's capital projects fund, debt service fund, and governmental activities at the government- wide level (Do not round intermediate calculations. If no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) Transaction Fund General Journal Debit Credit a. Record the 2020 budget for the Serial Debt Service Fund. Sales taxes of $150.000 are expected to be collected in 2020, the only appropriation is expected to be sis months of interest on the ser el bond Debt Service fund Capital Projects Fund Governmental Activities b. The town transfers $500,000 from the General Fund to a newly established capital projects fund D Debt Service fund Capital Projects Fund Governmental Activities c Planning and architect's fees for the town hallrenovation are paid in the amount of 5240,000 Debt Service fund Capital Projects Fund Governmental Activities d. The town hall renovation construction contrad is awarded to a local contractor Central Paving and Construction for $1.938,000 d Debt Service tund Capital Projects Fund Governmental Activities e. On April 1, 2020, the town issues serial bonds with a face value totaling $1,000,000 and having maturities ranging from one to 20 years at 102 The bonds bear interest of percent per annum, payabia semiannually on April 1 and October 1 eft) Debt Servicn fund Record the issun of bonds in the Debt Service Fund