Prepare journal entries for a local government funds to record the fund financial statements. (Select the appropriate fund for each sit when required. Enter your answers in dollars, not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Transaction Fund Activity General Journal a. The government sells $1,045,000 in bonds at face value to finance the construction of a new warehouse. Record sale of bonds. a. b. A $1.12 million contract is signed for construction of the warehouse. The commitment is reported, if allowed. b. Record contract for construction of warehouse. c. The govemment transfers cash of $174,000 in unrestricted funds for the eventual payment of the debt in (a). General fund D Record transfer of unrestricted fund. Record transfer of unrestricted fund. Debit Credit d. The government receives equipment for the fire department with a cost of $15,845. When ordered, an anticipated cost of $15,600 was recorded. Record encumbrances outstanding d. Record receipt of equipment e. Supplies to be used in the schools are bought for $1,850 cash. The consumption method is used. P. Record supplies bought for cash. f. The state awards a grant of $102,000 to supplement police salaries. The money will be paid to reimburse the government but only after the supplement payments have been made. Record the grant revenue fund. t. g. The government malls property tax assessments to its citizens. The total assessment is $656,000, although officials anticipate that 2 percent will never be collected. The govemment holds an enforceable legal claim to this money. It can be spent immediately. 9- Record property tax assessments