Exercise 5-23 (Algo) Funding Capital Projects [LO 5-4) Santa Maria Village received voter approval to issue bonds for construction of a bike path, including restrooms and picnic shelters, along village oceanfront . The finance department has discussed three different financing mechanisms. As a new accountant for the village, you want to be prepared to record each option Required Prepare journal entries for capital projects fund and the government-wide governmental activities general journal for each of the following unrelated transactions. (The General Fund should not be used) (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Cro Transaction Fund Gowrimental Pictives Generator 1 The village sells $2,500,000 of 4 percent construction related bonds at par. The construction is related to governmental activities 1 Capital Projects Fund Record the sale of $2,500,000 4% construction-related bonds at par in connection with governmental activities in Capital Projects Fund Governmental Activities Record the sale of $2.500.000 4% construction-related bonds at par in connection with governmental activities in Governmental Activities 2. The village scores a bond antipation not payable in the amount of $155,000 to pay initial expenses. This is considered short-term 2 Capital Projects Fund Record the payment of 156,000 initial expenses on the short-term not payable in Capital Projects Fund Governmental Activeles Record the payment of $150,000 initial penses on the short terminate payable in Govermental Advies 3. The village secures a bond anticipation note in the amount of $550,000 to pay Initial expenses for construction of a convention center. The debt is considered long-term 3 Capital Projects Fund Record the payment of $550,000 initial expenses for construction of convention center on the long-term note payable in Capital Projects Fund. Governmental Activities Record the payment of 5550.000 initial expenses for construction of convention center on the long-term note payable in Governmental Activities