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a. b. Assessment 5: Government Accounting I Prepare journal entries for the City of Mansion's governmental funds to record the following transactions, first for fund

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a. b. Assessment 5: Government Accounting I Prepare journal entries for the City of Mansion's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. A new truck for the street department was ordered at a cost of $51,700. The city print shop did $2,640 worth of work for the public school system (but has not yet been paid). A $6.05 million bond was issued to build a new bridge. Cash of $308,000 is transferred from the General Fund to provide permanent financing for a municipal swimming pool that will be viewed as an Enterprise Fund. The truck ordered in (a) is received at an actual cost of $53,900. Payment is not made at this time. C. d. f. g. Cash of $70,400 is transferred from the General Fund to the Capital Projects Fund. A state grant of $66,000 is received that must be spent to promote recycling. The first $16.500 of the state grant received in (g) is appropriately expended. h

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