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For each of the following transactions prepare ALL corresponding journal entries in all funds affected for the City of In the capital projects fund, a

For each of the following transactions prepare ALL corresponding journal entries in all funds affected for the City of In the capital projects fund, a $10 million par value bond was sold at 101. The premium is transferred to the debt
service fund. Create the journal entries for both the capital projects funds and the debt service fund. (3 entries) The city is expected to receive $10,000,000 in revenue for taxes, $5,000,000 in revenue for fines and spend
approximately $4,000,000 for public safety and $10,000,000 for general government. Prepare the journal entry for the
original budget. (1 entry) The city encumbers two purchase orders for general government. Purchase order #367 is for $2,000,000 and
purchase order #368 is for $1,500,000. Prepare the journal entry to record these encumbrances. (1 entry)Goods costing $2,010,000 are received for purchase order #367 as well as the corresponding invoice. The invoice is
prepared for payment. (2 entries)
Dover as of 12/31/X6 or calculate the requested dollar amounts. When more than one fund is involved, you must
indicate the fund that the journal entry is being posted for.
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