Capital projects - prepare journal entries to Kingston's governmental fund general journal and the government-wide governmental activities general journal.

a) Kingston received a donation of land to be used by Culture and Recreation to develop a public tennis court. At the time of the donation, the land had a fair value of $600,000, but it was carried on the donor's books at $250,000.

b) Public Works sold machinery with a cost of $47,500 and a book value of 9,250 for $11,000 cash. The machinery had originally been purchased with special revenue funds.

c) Kingston completed a renovation of the police station during the year. The project was started in the previous year. The total cost of the renovation was $242,000, of which $110,000 of costs were incurred and paid in the current year. The renovation came in $8,000 under budget, which was transferred to the General Fund.

d) Kingston issued $300,000 of bonds to finance the purchase of new garbage collection trucks and a new public dump for Public Works. The bonds were issued at par with no accrued interest.

e) Kingston decided to lease a shuttle for two years to ferry city workers to construct the new public tennis court. The down payment is $10,000 and the present value of future payments is $9,700.