James Page, finance director for the city of Bridgeport, has asked you to help him account for bond proceeds from two bond issuancesone which was issued at a premium and another which was issued at a discount. Prepare journal entries to record the following transactions in the city of Bridgeports Capital Projects Fund during its 2019 fiscal year. 1. Bridgeport issues $18 million face value of general obligation bonds to build a new outdoor music arenaHarbor Arena. The City received an extra $1.5 million as a bond premium. 2. The bond covenant states that bond premiums must be transferred to a Debt Service Fund. The transfer of cash to the Debt Service Fund is made. 3. Bridgeport issues a $15 million face value of general obligation bond to construct a new road. Unfortunately, interest rates increased prior to the issuance of the bonds, and this resulted in the city receiving only $14.6 million from the bonds.