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 $6.5 million. A budget for this project has previously been recorded. c. Bonds are sold for $6.5 million (face value) to finance construction of the new office building. d. The new building is completed. An invoice for $6.5 million is received and paid. e. Previously unrestricted cash of $0.90 million is set aside to begin paying the bonds issued in (c). f. A portion of the bonds comes due and $0.90 million is paid. Of this total, $165,000 represents interest. The interest had not been previously accrued. g. 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% is assumed to be collectible in this period with receipt of an additional 6% 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. i. 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.) FUND FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS

GOVERNMENT WIDE FINANCIAL STATEMENTS view transaction list view general journal U Journal Entry Worksheet 1 2 3 4 5 6 7 8 9 Record the budget for the year -Governmental Activities Transaction General Journal Debit Credit *Enter debits before credits record entry done clear entry