Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements a. A new truck for the sanitation department was ordered at a cost of $114.250 b. The city print shop did $3,600 worth of work for the school system but has not yet been paid) c. An $1 million bond was issued to build a new road d. Cash of $159,000 is transferred from the general fund to provide permanent financing for a municipal swimming pool that will be viewed as an enterprise fund. e. The truck ordered in ais received at an actual cost of $116.650. Payment is not made at this time Cash of $37500 is transferred from the general fund to the capital projects fund. 9. A state grant of $30,000 is received that must be spent to promote recycling h. The first $5700 of the state grant received in this appropriately expended Answer is not complete. Complete this question by entering your a wers in the tabs below. FUND FIN GOVT WIDE FINSTAT Prepare journal entries for the City of Pudding's governmental funds to record the fund financial statements. (Select the appropriate fund for each situation when required. If no entry is required for a transaction event, select ' journal entry required in the first account field) Cred Transaction Fund Activity A new true or the s tation department was ordered at a cost of $114250 General Fund Record encumbrances outstanding Encances outstanding The city in Shoedd $3500 worth of work for the school m uthas Record amount due to etben a al service und Funde c. An 11 milion bond was issued to build a new road Capital Project Fund Records of bonds C. An $11 million bond was issued to build a new road Capital Projects Fund Record sale of bonds. Cash Budgetary fund balance 11,000,000 11,000,000 d. Cash of $159,000 is transferred from the general fund to provide permanent financing for a municipal swimming pool that will be viewed as an enterprise fund Record authorization of transfer for construction Other financing uses control 159,000 159.000 e. The truck ordered in (a) is received at an actual cost of $116,650. Payment is not made at this time e General Fund Record entry to remove encumbrance Encumbrances outstanding Encumbrances-truck 114250 114.250 Record receipt of truck Expenditures - truck Vouchers or Accounts payable 1. Cash of $37,100 is transferred from the general fund to the capital projects fund General Fund Record cash received from general fund to capital project Other financing resources 37.100 Record transfer in to capital project fund 37.100 37.100 9. A state grant of 530 000 is received that must be spent to promote recycling Special Revenue Fund Record state grant received for promoting recycling Vouchers or Accounts payable 116,650 1. Cash of $37,100 is transferred from the general fund to the capital projects und 1 General Fund Record cash received from general fund to capital proiect fund Other financing resources Cash X 37.100 Record transfer in to capital proiect fund 37.100 37.100 A state grant of $30 000 is received that must be spent to promote recycling Special Revenue Fund Record state grant received for promoting recycling Cash Uneamed grant revenue 30 000 30,000 h. The first $5.700 of the state grant received in Special Revenue Fund ) is appropriately expended Record cash received from the state grant Uneared grant revenue Revenues Record the expenditure of the grant for recycling GOVT WIDE FIN STMT > FUND FIN STMT GOVT WIDE FIN STMT Prepare journal entries for the City of Pudding's governmental funds to record the government-wide financial statements. (Select the appropriate fund for each situation when required. If no entry is required for a transaction/event, select "No journal entry required in the first account held.) Debit Credit Transaction Fund/Activity General Journal a. A new truck for the sanitation department was ordered at a cost of $114,250 General Fund Record encumbrances outstanding No journal entry required No journal entry required b. The city print shop did $3,600 worth of work for the school system (but has not yet been paid) General Fund Record amount due to internal service fund. No journal entry required No journal entry required c. An $11 million bond was issued to build a new road Record sale of bond Cash 11,000,000 Bonds payable 11,000,000 al swimming pool that will be viewed as an d Cash of $159,000 is transferred from the general fund to provide permanent financing for a mun enterprise fund Governmental Activities Record authorization of transfer for construction Transfers out - swimming pool Cash 159,000 159 000 Governmental Activities Record payment of cash for construction 159 000 Vouchers or Accounts avat Governmental Activities W Record payment of cash for construction Cash Vouchers or Accounts payable 159,000 e. The truck ordered in (a) is received at an actual cost of $116,650. Payment is not made at this time Governmental Activities Record receipt of truck Equipment - trucks Encumbrances-truck 116.650 116,650 Cash of 537,100 is transferred from the general fund to the capital projects fund Governmental Activities Record cash received from general fund to capital project Cash Vouchers or Accounts payable Vouchers or Accounts A state grant of $30 000 is received that must be spent to promote recycling Governmental Activities Record state grant received for promoting recycling 30.000 30.000 h. The first 55,700 of the state grant received in Governmental Activities ) is appropriately expended Record cash received from the state grant 5.700 5.700 Record the expense of the grant for recycling FUND FIN STMT GOVT WIDE FIN STMT Prepare journal entries for the City of Pudding's governmental funds to record the government-wide financial statements. (Select the appropriate fund for each situation when required. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Debit Credit Transaction Fund/Activity General Journal a. A new truck for the sanitation department was ordered at a cost of $114,250, General Fund Record encumbrances outstanding No journal entry required No journal entry required b. The city print shop did $3,600 worth of work for the school system (but has not yet been paid) General Fund Record amount due to internal service fund. No journal entry required No journal entry required c An $11 million bond was issued to build a new road Record sale of bond Cash 11,000,000 Bonds payable 11,000,000 al swimming pool that will be viewed as an d. Cash of $159,000 is transferred from the general fund to provide permanent financing for a enterprise fund Governmental Activities Record authorization of transfer for construction Transfers out - swimming pool Cash 159,000 159 000 Governmental Activities Record payment of cash for construction Cash Vouchers or Accounts payat Governmental Activities W Record payment of cash for construction Cash Vouchers or Accounts payable 159,000 e. The truck ordered in (a) is received at an actual cost of $116,650. Payment is not made at this time Governmental Activities Record receipt of truck Equipment - trucks Encumbrances - truck 116,650 116,650 Cash of 537,100 is transferred from the general fund to the capital projects fund Governmental Activities Record cash received from general fund to capital project Cash Vouchers or Accounts payable A state grant of $30 000 is received that must be spent to promote recycling Governmental Activities Record state grant received for promoting recycling 30 000 30.000 h. The first 55,700 of the state grant received ing) is appropriately expended h Governmental Activities Record cash received from the state grant 5.700 5.700 Record the expense of the grant for recycling