need government activity for 1 and Capital Projects Fund for 5A

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 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.) Answer is not complete. Transaction Fund General Journal Debit Credit 1. The county issued $6,800,000, 6 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 Capital Projects Cash 6,800,000 Other Financing Sources-Proceeds of Bonds 6,800,000 Governmental Activities Cash Bonds Payable Premium on Bonds Payable Interest Payable 6,800,000 2. A $730,000 federal grant was received to help finance construction of the library. Capital Projects Fund 730,000 Cash Revenues 730,000! Governmental Activities Cash 730,000 Program Revenues-Culture and Recreation-Capital Grants and Contributions 730,000 3. The Library Special Revenue Fund transferred $330,000 for use in construction of the library Capital Projects Fund Cash 330,000 Other Financing Sources-Interfund Transfers In 330,000 Governmental Activities No Journal Entry Required