Green Mountain County had the following transactions related to the issuance of its bond anticipation notes. All amounts are in thousands of dollars.

Transactions:

1. The county issued $5,000 of 6-month, 6% bond anticipation notes (BANs) on March 1, 20X5. The proceeds will be used to begin construction of a major courthouse addition and improvement.
2. Prepare any entries required at June 30, 20X5, the fiscal year end.
3. The county issued $9,000 of courthouse bonds at par on August 15, 20X5. The bond issuance costs were $100.
4. The BANs were repaid on the due date, August 31, 20X5.

Requirements:

1. (1) Prepare the journal entries required in a Capital Projects Fund to record these transactions, assuming the bond anticipation notes do not qualify for long-term debt treatment. If no entry is required, state No entry required and explain why.

(2) Indicate the effects of each transaction on the accounting equation of the Capital Projects Fund and on the General Capital Assets and General Long-Term Liabilities accounts. If an element is not affected, put NE in the appropriate box.