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Prepare journal entries for captal projects fund and the government-wide governmental actvities general journal for each of the following unrelated transactions. (The General Fund should
Prepare journal entries for captal projects fund and the government-wide governmental actvities general journal for each of the following unrelated transactions. (The General Fund should not be used.) (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) General Journal Debit Credit Activties 1. A town secures a note payable in the amount of S170,000 to pay initial expenses for construction of a new police station. Town administrators plan to repay this note within three months with tax revenues and issue a oonstruction bond s thereafter 1Capital Projects Fund Activites 2. Acounty secures a bond anticipation note in the amount of S500,000 to pay initial expenses for construction a convention center. The board of county commissioners recommended that the finance department refinance the bond note a construction bond when 2 Capital Projects Fund Activites 3. Due to an unexpected change in interest rates, a village issued a $3,350,000 bond at 98 percent of par value. The bond was issued to fund construction of a bike path, including restrooms and picnic shelters. It is expected that thes will be covered by a future transfer from another fund. 3 Capital Projects Fund 4. A city issued a S5,700,000 bond at 101 to fund construction of a city hall addition. (You can assume that the deposited in the debt service fund, and you need not the debt service fund 4Capital Projects Fund Activites
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