In Fulbright County, the Culture and Recreation Department constructed a library in one of the county's high-growth areas. The construction was funded by a number of sources. Below is selected information related to the Library Capital Project Fund. All activity related to the library construction occurred within the current fiscal year. The county operates on a calendar-year basis. Required Prepare a journal entry for capital projects fund and governmental activities at the govemment-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) General Journal Debit Credit 1. The county issued $6,400,000 of 6 percent bonds, with interest payable semiannually on January 1 and July 1. The bonds sold for 101 on February 1. Proceeds from the bonds were to be used for construction of the library, with all interest and premiums received to be used to service the debt issue. Assume the premium and interest are recorded in the debt service fund. 1Capital Projects Fund Activites 2. AS690,000 federal t was received to help finance construction of the li Capital Projects Fund 3. The Library Special Revenue Fund transferred $290,000 for use in construction of the li Capital Projects Fund 4. A construction contract was awarded in the amount of S6,840,000 4Capital Projects Fund