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Cash of $90,000 is transferred from a city's General Fund to start construction on a police station. The city issues a bond at its $1.8

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Cash of $90,000 is transferred from a city's General Fund to start construction on a police station. The city issues a bond at its $1.8 million face value. The police station is built for $1.89 million a. Assume that the city does not record the commitment Prepare all necessary jourmal entries for these transactions for both fund and government-wide financial statements transectlon/evens, select "No journel entry requlred In (f no entry Is required tor a the first account fleld. Enter your enswers In dollars not in millions.) View transaction list 1 Record sale of bonds - Governmental Activities. 2 Record completion of construction Governmental Activities Record authorization of transfer for construction- General Fund. 3 4 Record transfer in of cash- Capital Projects Fund. 5 Record sale of bonds - Capital Projects Fund. 6 Record completion of construction Capital Projects Fund Note : 0 - journal entry has been entered Record entry Clear entry

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