During the fiscal year ended December $31,2015,$ the City of Johnstown issued $6\%$ general obligation serial bonds in the amount of $$2,000,000$ at $102($$$2,040,000)$ and used $$1,980,000$ of the proceeds to construct a fire station. The $$40,000$ premium was transferred to a debt service fund. The $$20,000$ left in the capital projects fund at the end of the project was later transferred to the debt service fund. The borids were dated April $1,2015$ and paid interest on October $1$ and April $1.$ The first of $10$ equal annual principal payments was due on April $1,2016.$

How would the bond sale be recorded?