Chesterfield County had the following transactions.

a. A budget is passed for all ongoing activities. Revenue is anticipated to be $1,029,000 with approved spending of $630,000 and operating transfers out of $324,000.

b. A contract is signed with a construction company to build a new central office building for the government at a cost of $6.2 million. A budget for this project has previously been recorded. c. Bonds are sold for $6.2 million (face value) to finance construction of the new office building.

d. The new building is completed. An invoice for $6.2 million is received and paid.

e. Previously unrestricted cash of $1.15 million is set aside to begin paying the bonds issued in (c).

f. A portion of the bonds comes due and $1.15 million is paid. Of this total, $155,000 represents interest. The interest had not been previously accrued.

g. Citizens' property tax levies are assessed. Total billing for this tax is $765,000. 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 $173,000 is received from a toll road. This money is restricted for highway maintenance.

i. The county received investments valued at $345,000 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