Chris Anderson died and left 100 acres of undeveloped land to the city for a future Park he acquired the land at $100 an acre but at the date of his death the land was appraised at $8,800 an acre the city authorized the transfer of $100,000 of General revenues and the issuance of 1.1 million in general obligation bonds to construct improvements on the donated land the bonds were sold at par the improvements were completed at a cost of 1.2 million and the operation of the park was turned over to city parks department prepare journal entries form to record these transaction in the proper funds designate the fun in which each transaction is recorded if the transaction did not result in a journal entry to a government fund record the journal entry needed to reflect the information in the government-wide statement of net position