Following are four Independent transactions or events that relate to a local government and a voluntary health and welfare

organization:

Made a disbursement of $$25,000$ from the general fund assets without donor restrictions for the cash purchase of new equipment.

Recelved an unrestricted cash glft of $$100,000$ from a donor.

Sold investments in common stocks with a total carrying value of $$50,000$ of a restricted endowment fund for $$55,000$ before any

dividends were earned on them. The donor$-$restricted gain is to remain in the fund without donor restrictions.

Sold general obligation bonds payable with a face amount of $$1,000,000$ at par with the proceeds requlred to be used for

construction of a new bullding. This building was completed at a total cost of $$1,000,000,$ and the total amount of bond issue

proceeds was disbursed toward this cost. Disregard interest capitalization.

Required:

a$.$ For each of these transactions or events, prepare journal entrles without explanations and showing how these transactions or

events should be recorded by a local government whose debt is serviced by general tax revenue.

Note: Debit before Credit. Select the approprlate fund for each situation when required. If no entry is required for a

transaction$/$event$.$ select $"$No lournal entry requlred" In the first account fleld.

b$.$ For each of these transactions or events, prepare journal entrles without explanations and showing how a VHWO should record

these transactions or events.

Note: Deblt before Credit. Select the appropriate fund for each situation when required. If no entry is required for a

transaction$/$event$,$ select $"$No Journal entry required" In the first account fleld.