On October 1, 2015, the Central School District issued $20 million of 6 percent bonds at par to construct a new junior high school. The first interest payment of $600,000 is due on March 31, 2016. In December 2015 the district transferred $600,000 from its general fund to a debt service fund to cover the March 2016 interest payment. How much interest expense/expenditure should the district recognize for 2015 in its

1. general fund? ____________
2. debt service fund? ____________
3. government-wide statements? _____________

Need explanation as well