Record the collection of hotel room taxes. Record the expenditures incurred for general promotions and the mokor vehicle. Record the payment of the expenditures. 3. General fund revenues of \$313,500 for 20B were transforred to a dobt service fund and used to repay $300,000ol9 percont, 15 -your term bonds, which matured in 20X8, and to repayy $13,500 of maturod intorest. Tho bond proceeds wore used to construct a citzens conter. Record the transfer of resourcus to the Debt Service Fund. Record the transfor of resources from the Genotal Fund. The following information relates to Vane City during the year ended December 31, 20x8: 1. On October 31, 20X8, to finance the construction of a city hall annex, Vane issued 8 percent, 10-year general obligation bonds at their face value of $800,000. A contractor's bid of $750,000 was accepted for the construction. By year-end, one-third of the contract had been completed at a cost of $246,000, all of which was paid on January 5,209. 2. Vane collected $109.000 from hotel room taxes restricted for tourist promotion in a special revenue fund. The fund incurred and paid $81,000 for general promotions and \$22.000 for a motor vehicle. Estimated revenues for 20x8 were $112,000; appropriations were expected to be $108,000 3. General fund revenues of $313,500 for 208 were transferred to a debt service fund and used to repay $300,000 of 9 percent, 15 . year term bonds, which matured in 208, and to repay $13,500 of matured interest. The bond proceeds were used to construct a citizens' center. 4. At December 31, 20X8, Vane was responsible for $83,000 of outstanding encumbrances in its general fund. The city uses the nonlapsing method to account for its outstanding encumbrances 5. Vane uses the purchases method to account for supplies in the general fund. At December 31,208, an inventory indicated that the supplies inventory was $42,000. At December 31,207, the supplies inventory was $45,000. Required: For each numbered item above, make all the journal entries in all funds affected for the year ended December 31, 20x8. Do not make any adjusting/closing entries for items (7). (2), and (3). (Select the appropriate fund for each situation. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Tranaction Fund General Journal Debit Credit 1. On October 31, 20X8, to firance the construction of a ofy hall annex, Vane issued 8 percont, 10-year goneral coligation bonds at their taco value of $800,000. A contractor's bid of $750,000 was acoepted for the construction, By year-ond, one-third of the contract had been corripleted at a cost of $246,000, all of which was paid on tanuary 5,209