Prepare journal entries for a local government to record the following transactions, first for the fund's financial statements and then for the government-wide financial statements.

1. The government sells $1,045,000 in bonds at face value to finance the construction of a warehouse.

2. A $1.12 million contract is signed for the construction of the warehouse. Compromise is necessary if it is allowed.

3. A transfer of $174,000 of freely available funds was made for the eventual payment of the debt in (a).

4. Equipment for the fire department is received at a cost of $15,845. When ordered, an anticipated cost of $15,600 had been recorded.

5. Supplies to be used in schools are purchased for $1,850 in cash. The consumption method is used.

6. A state grant of $102,000 is awarded to supplement police salaries. The money will be paid out to reimburse the government after supplementary payments to police officers have been made.

7. Property tax assessments are mailed to citizens from the government. The total assessment is $656,000, though officials anticipate the 2 percent will never be collected. There is an enforceable legal claim to this money and the government can use it immediately.