Please help me solve Problem 8-14 by providing the journal and closing entries. The excel template is not needed to do the journal entries and the closing entries. Thank you in advance.

principal is added to restricted fund balances. 8-14. The fund-basis financial statements of the City of Cottonwood have been completed for the year 2017 and appear in the first tab of the Excel spread- sheet provided with this exercise. In addition, the government-wide Statement of Net Position from the previous fiscal year is provided and should be used to determine beginning balances for accounts not appearing in the fund-basis statements. The following information is also available: a. Capital Assets Capital assets purchased by governmental funds are charged to cap- ital expenditure and do not appear as assets in the fund-basis bal- ance sheet. However, the balance is reflected in the Statement of Net Position in the government-wide financial statements