Ques.1 Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, For government-wide financial statements. a. Government- wide Financial statement. The first $9,500 of the state grant received in (g) is expended as intended. h. Governmental Activities O Record cash received from the state grant. Expenditures - public service 9,500 O Cash 9,500 Record the expense of the grant for recycling. Deferred revenues 9,500 O Revenues 9,500 O Ques. 2 Prepare journal entries for a local government to record the following transactions, for fund financial statements. b. A $1.05 million contract is signed for construction of the warehouse. The commitment is reported, if allowed. b. Capital projects fund Record contract for construction of warehouse. ..........