Chesterfield County had the following transactions. a. A budget is passed for all ongoing activities. Revenue is anticipated to be $892.250 with approved spending of $577.000 and operating transfers out of $249,000. b. A contract is signed with a construction company to build a new central office building for the government at a cost of $6,500,000. A budget for this project has previously been recorded. c. Bonds are sold for $6,500,000 (face value) to finance construction of the new office building. d. The new building is completed. An invoice for $6.500.000 is received and paid. e. Previously unrestricted cash of $900,000 is set aside to begin paying the bonds issued in (c). . A portion of the bonds comes due and $900,000 is paid. Of this total, $165,000 represents Interest. The Interest had not been 9. Citizens' property tax levies are assessed. Total billing for this tax is $925.000. On this date, the assessment is a legally enforceable claim according to the laws of this state. The money to be received is designated for the current period and 90 percent is assumed to be collectible in this period with receipt of an additional 6 percent during subsequent periods but in time to be available to pay current period claims. The remainder is expected to be uncollectible. h. Cash of $155,000 is received from a toll road. This money is restricted for highway maintenance. L. The county received investments valued at $338,000 as a donation from a grateful citizen. Income from these investments must be used to beautify local parks. Prepare the entries first for fund financial statements and then for government-wide financial statements. e. Previously unrestricted cash of $0.9 million is set aside to begin paying the bonds issued in (c) Record amount set aside to pay off bonds Record transfer in into debt service fund 1. A portion of the bonds comes due and $0.9 million is paid. Of this total, $165.000 represents interest. The interest had not been previously accrued 1 Record payoff of bonds 9. Citizens' property tax levies are assessed. Total billing for this tax is 5925.000. On this date the assessment is a legally enforceable claim according to the laws of this state. The money to be received is designated for the current period and 90 percent is assumed to be collectible in this period with receipt of an additional 6 percent during subsequent periods but in time to be available to pay current period claims. The remainder is expected to be uncollectible Record property taxes collectible 9 Citizens' property tax levies are assessed Total billing for this tax is $925,000. On this date the assessment is a legally enforceable claim according to the laws of this state. The money to be received is designated for the current period and 90 percent is assumed to be collectible in this period with receipt of an additional 6 percent during subsequent periods but in time to be available to pay current period claims. The remainder is expected to be uncollectible 9 Record property taxes collectible h Cash of $155,000 is received from a toll road. This money is restricted for highway maintenance Record cash received from toll road 1. The county received investments valued at $338,000 as a donation from a grateful citizen Income from these investments must be used to beautify local parks 1 Record donations received "FUND FIN CT GOVT WIDE TU TIIT