Problem XA: For the fund based records, identify which of the following governmental funds should be used and write the journal entries needed for the listed transactions. You do not need to write any General fund entries for this problem.

Problem XB: For the Governmental Activities section of the government-wide records write any necessary journal entries for the following listed transactions. Write “no entry” if no entry is needed.

Special fund A. A state cash grant of $300,000 is received that must be spent in the future homeless outreach. The grant proceeds are held until outreach workers are hired and paid.

B. Cash of $400,000 is transferred from the General Fund for the City Hall remodeling construction project.

Perm fund C. Investments valued at $700,000 are received as a donation from a grateful citizen. Income from the investments is to be used for children's programs.

Special rev D. Salaries of $25,000 are paid to homeless outreach workers according to the requirements of the grant received in item 3.

Capital Proj fund E. The remodeling project is completed and a check is sent to the primary contractor for $12,400,000. No commitment had previously been recorded for the contract.

F. Nothing has yet been recorded this year regarding scheduled payments on the general obligation bonds issued in item (1). A cash payment of $30,000 is made that consists of $5,000 of interest and $25,000 of principal. The interest had not previously been accrued