Prepare journal entries for a local government to record the following transactions, first for fund financial statements and then for government-wide financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.)

• 1

  Record sale of bonds - Capital Projects Fund.

• 2

  Record contract for construction of warehouse - Capital Projects Fund.

• 3

  Record transfer of unrestricted fund - General Fund.

• 4

  Record transfer of unrestricted fund - Debt Service Fund.

• 5

  Record encumbrances outstanding - General Fund.

• 6

  Record receipt of equipment - General Fund.

• 7

  Record supplies bought for cash - General Fund.

• 8

  Record the grant revenue fund - Special Revenue Fund.

• 9

  Record property tax assessments - General Fund.

a.	The government sells $990,000 in bonds at face value to finance construction of a warehouse.
b.	A $1.24 million contract is signed for construction of the warehouse. The commitment is required if allowed.
c.	A $158,000 transfer of unrestricted funds was made for the eventual payment of the debt in (a).
d.	Equipment for the fire department is received with a cost of $14,005. When it was ordered, an anticipated cost of $13,400 had been recorded.
e.	Supplies to be used in the schools are bought for $3,150 cash. The consumption method is used.
f.	A state grant of $104,750 is awarded to supplement police salaries. The money will be paid to reimburse the government after the supplement payments have been made to the police officers.
g.	Property tax assessments are mailed to citizens of the government. The total assessment is $738,000, although officials anticipate that 2% will never be collected. There is an enforceable legal claim for this money and the government can use it immediately.

• 1

  Record sale of bonds - Governmental Activities.

• 2

  Record contract for construction of warehouse - Governmental Activities.

• 3

  Record transfer of unrestricted fund - Governmental Activities.

• 4

  Record receipt of equipment - Governmental Activities.

• 5

  Record supplies purchased for cash - Governmental Activities.

• 6

  Record the grant revenue - Governmental Activities.

• 7

  Record property tax assessments - Governmental Activities.