In Fulbright County, the Parks 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 2017 fiscal year. 8 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. 8 Transaction Fund General Journal Debit Credit 1. The county issued $6,000,000, 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 Governmental Activities 2. A $650,000 federal grant was received to help finance construction of the library. 2 Capital Projects Fund Governmental