In Fulbright County, the Parks and Recreation Department constructed a library in one of the countys 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 2017 fiscal year.

Required

Prepare a journal entry for capital projects fund and governmental activities at the government-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Transaction	Fund	General Journal	Debit	Credit
1. The county issued $7,800,000, 4 percent bonds, with interest payable semiannually on June 30 and December 31. The bonds sold for 101 on July 30, 2016. 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 directly in the debt service fund.
1	Capital Projects Fund	Cash
		Other Financing SourcesProceeds of Bonds
	Governmental Activities	Cash
		Bonds Payable
		Premium on Bonds Payable
		Interest Payable
2. A $830,000 federal grant was received to help finance construction of the library.
2	Capital Projects Fund	Cash
		Revenues
	Governmental Activities	Cash
		Program RevenuesCulture and RecreationCapital Grants and Contributions
3. The Library Special Revenue Fund transferred $430,000 for use in construction of the library.
3	Capital Projects Fund	Cash
		Other Financing SourcesInterfund Transfers In
	Governmental Activities	No Journal Entry Required
4. A construction contract was awarded in the amount of $6,980,000.
4	Capital Projects Fund	Encumbrances
		Encumbrances Outstanding
	Governmental Activities	No Journal Entry Required
5. The library was completed on June 1, 2017, four months ahead of schedule. Total construction expenditures for the library amounted to $9,041,000. When the project was completed, the cost of the library was allocated as follows: $290,000 to land, $6,385,000 to building, and the remainder to equipment.
5a	Capital Projects Fund	Record the completion of construction of the library.
5b		Record the payment upon completion of capital project.
5c	Governmental Activities	Record the completion of construction of the library.
5d		Record the capitalization of each item.
6. The capital projects fund temporary accounts were closed to Fund BalanceRestricted. The resources are restricted because they were obtained from bonded debt issued exclusively for library construction. The capital projects fund was closed by transferring remaining funds to the debt service fund for use in library construction debt repayment.
6a	Capital Projects Fund	Close the temporary accounts to Fund BalanceRestricted.
6b		Record the transfer to the debt service fund.
6c		Close the remaining temporary account to Fund Balance-Restricted.
6d	Governmental Activities