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During FY 2017, the voters of Surprise County approved construction of a $30 million police facility and an $20 million fire station to accommodate the county's population growth. The construction will be financed by tax-supported bonds in the amount of $40 million, a $2 million economic stimulus grant, and a portion of future use tax revenues. During 2017, the following events and transactions occurred Required a. Prepare journal entries to record the the following transactions in a single Surprise County Construction Fund and governmental activities general journal at the government-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollar amounts and not in millions .) Transaction General Journal Debit Credit 1. Issued $210,000 of 4 percent bond anticipation notes to cover preliminary planning and engineering expenses Construction Fund Cash 210,000 Other Financing Sources-Proceeds of Bond Anticipation Notes 210,000 Governmental Activities Cash 210,000 Bond Anticipation Notes Payable 210,000 2. Incurred architecture and engineering costs in the amount of $71,000. They were split evenly between the two projects 2 Construction Fund Construction Expenditures-Police Construction Expenditures-Fire 35,500 35,500 uchers Payable 71,000 35,500 35,500 Governmental Activities Construction Work in Progress-Police Construction Work in Progress-Fire uchers Payable 71,000 3. Entered into a construction contract for $50 million- $30 million was for the police facility and $20 million was related to the fire station 30,000,000 20,000,000 Construction Fund EncumbrancesPolice Encumbrances-Fire ncumbrances Outstanding-Police ncumbrances Outstanding-Fire 30,000,000 20,000,000 Governmental Activities No Journal Entry Required During FY 2017, the voters of Surprise County approved construction of a $30 million police facility and an $20 million fire station to accommodate the county's population growth. The construction will be financed by tax-supported bonds in the amount of $40 million, a $2 million economic stimulus grant, and a portion of future use tax revenues. During 2017, the following events and transactions occurred Required a. Prepare journal entries to record the the following transactions in a single Surprise County Construction Fund and governmental activities general journal at the government-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollar amounts and not in millions .) Transaction General Journal Debit Credit 1. Issued $210,000 of 4 percent bond anticipation notes to cover preliminary planning and engineering expenses Construction Fund Cash 210,000 Other Financing Sources-Proceeds of Bond Anticipation Notes 210,000 Governmental Activities Cash 210,000 Bond Anticipation Notes Payable 210,000 2. Incurred architecture and engineering costs in the amount of $71,000. They were split evenly between the two projects 2 Construction Fund Construction Expenditures-Police Construction Expenditures-Fire 35,500 35,500 uchers Payable 71,000 35,500 35,500 Governmental Activities Construction Work in Progress-Police Construction Work in Progress-Fire uchers Payable 71,000 3. Entered into a construction contract for $50 million- $30 million was for the police facility and $20 million was related to the fire station 30,000,000 20,000,000 Construction Fund EncumbrancesPolice Encumbrances-Fire ncumbrances Outstanding-Police ncumbrances Outstanding-Fire 30,000,000 20,000,000 Governmental Activities No Journal Entry Required