For each of the following transactions: a. Identify the fund in which the entries are recorded. b. Prepare the necessary journal entries. Only make the entries for the Fund-Based Financial Statements for the fiscal year ended 6/30/2018.

1. The city issued a $1,000,000 bond was issued on October 1, 2018 to purchase a new building. The bonds carried a 6% interest rate and are due in 10 years.
2. The city acquires a building for $1,000,000 cash and immediately begins renovations on it.
3. Depreciation on the building for the year is $25,000.
4. Property taxes of 1,400,000 are levied for Metro City. The city expects that 5% will be uncollectible. Of the levied amount, $30,000 will be collected next year, after more than 60 days.
5. The city assesses and collects $35,000 from the citys citizens for a sidewalk project