Johnson City has a fiscal year ending June 30. It sold $3,000,000, 6% tax-supported bonds at par, to construct a new city hall. The bonds were issued on July 1, 2019, and are serial bonds, maturing in equal installments over the next 10 years, each year on June 30. Interest payments are also made each June 30. Johnson City uses a capital projects fund to account for the project and a debt service fund was created to make interest and principal payments. Prepare journal entries for the transactions below in the appropriate funds and account groups. 1. The bonds were sold on July 1, 2019. 2. The general fund transferred an amount equal to the first interest payment and first liquidation installment on the serial bonds on June 30, 2020. Also on this date, the debt service fund paid the first installment as well as the interest on the serial bonds. 3. On June 30, 2020, expenditures of $2,850,000 were made, paid in cash, on the city hall construction project, and the project was completed. The remaining funds were transferred to the debt service fund from the capital projects fund for the payment of bond interest and principal. 4