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 city received a donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the donation, the land had a fair value of $4,600,000 and was recorded on the donors books at a historical cost of $3,900,000.
1	General Fund
	Governmental Activities
2. The Public Works Department sold machinery with a historical cost of $34,500 and accumulated depreciation of $28,400 for $5,600. The machinery had originally been purchased with special revenue funds.
2	General Fund
	Governmental Activities
3. A car was leased for the mayors use. Since the term of the lease exceeded 75 percent of the useful life of the car, the lease was capitalized. The first payment was $1,100 and the present value of the remaining lease payments was $24,000.
3a	General Fund
3b	Governmental Activities	Record the lease of car to the Mayor.
4. During the current year, a capital projects fund completed a new public safety building that was started in the prior year. The total cost of the project was $9,570,000. Financing for the project came from a $8,880,000 bond issue that was sold in the prior year, and from a $690,000 federal capital grant received in the current year. Current year expenditures for the project totaled $1,116,000. The full cost is attributed to the building since it was constructed on city-owned property.
4a	Capital Project Fund	Record the funds received for the public safety building.
4b		Record the current year's expenditure for the public safety building.
4c	Governmental Activities	Record the funds received for the public safety building.
4d		Record the current year's expenditure for the public safety building.
4e		Record the transfer of the work in progress to the capital asset.
5. Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general government had been impaired. The calculated impairment loss due to technology obsolescence was $1,096,000.
5	General Fund
	Governmental Activities