Following are a number of unrelated transactions for the Village of Centerville, some of which affect governmental activities at the government-wide level. None of the transactions has been recorded yet.

Required
Prepare in general journal form the necessary entries in the governmental activities and appropriate fund journals for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

Prepare a journal entry for capital projects fund and governmental activities at the government-wide level.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1.The generl Fund collected and transferred $750,000 in tax collections to the debt service fund; $710,000 of the amount was used to retire outstanding serial bonds and the remainder was used to make the interest payment on the outstanding serial bonds.

1 A. General fund: Reccord the reciepts of cash from tax collection

1 B. Gerneral fund:record the transfer of cash collected from taxes to the debt service fund.

1 C.Debt service fund: Reccord the transfer of cash collected from taxes to the debt service fund.

1 D. Debt service fund: Reccord the payment of principal and interest retire the bonds.

1 E. Govermental Activities: Record the transfer of cash collected from taxes to the debt service fund.

1 F. Govermental Activities: Record the payment of principal and interest to retire the bonds.

2. $7,500,000 issue of serial bons to finance a capital project was sold at 104 plus accured interest in the amount of $75,000. the accrued interest and the premium were recored in the debt service fund. Accrued interest on bonds sold must be used for interest payments; the premium is designated by state law for eventual payment of bond principal

2. Capital Project:

Debt service fund:

Government Activities:

3. The debt servicee fund made a $110,000 capital lease payment, of which $15,808 was interest. Funds usedd to make the lease payment came from a capital grant received by the special revenue fund.

3 A. Special Revenue Fund: Reccord cas received as capital grant.

3 B. Special Revene fund: Record the transfer of fund for lease payment to the debt service fund.

3 C. Debt service fund : Record the transfer of fund for lease payments to the debt service fund.

3 D. Debt service fund : Record the principal and interest on lease paid.

3 E. Governmental Activities: Record cash recieved as capital grant.

3 F. Governmental Activities: Record the principle and interest on lease paid.

4. Tax supported serial bonds with a $7,200,00 par value were issued in cash to permit partial refundings of a $7,400,000 par value issue of term bonds. the difference was settled with $200,000 that had been accumulated in prior years in a debt servie fund. Assume that the term bonds had been issued several years earlier par.

4 A: Debt service fund: Record the isse of tax-supported serial bonds for partial refund of term bonds.

4 B. Debt service fund: Record the par value bonds.

4 C. Government Activities: Record the isse of tax-supported serial bonds for partial refund of term bonds.

4. D Government Activities: Record the par value bonds.

5. Four mouths prior to year-end, 4 percent special assesment bonds totaling $450,000 were issued dto fund a streetlight improvement project in a local subdivision. The bonds are secondarily backed by the village . The first $27,000 installment will be due from property owneers six months after the initial bond issuance, but no debt payments are due in the first year.

5 A. Debt service fund: Record the issue of special assessment bonds.

5 B.Debt service fund: Record the current and deferred installment receivable from the local subdivison.

5 C. Governement activities: Record the issue of special assessment bonds.

5. D. Government activities: Record the current and deferred installment receivable from the local subdivison.

5. E. Governement Activities:Record the interest payable on the special assessment debt.

6.Marketable equity securities held by the debt service fund increased in value by $6,000 during the year.

Debt service Fund:

Government Activities:

These are my options.

No Journal Entry Required

Appropriations

Assessments Receivable—Current

Assessments Receivable—Unavailable

Bonds Payable

Budgetary Fund Balance

Capital Lease Obligations

Cash

Deferred Inflow of Resources

Encumbrances

Estimated Revenues

Expenditures—Interest

Expenditures—Principal

Expenses—Interest on Capital Lease

Expenses—Interest on Long-term debt

Expenses—Interest on Special Assessment debt

Fund Balance—Assigned

Fund Balance—Restricted

Fund Balance—Unassigned

General Revenues—Investment Earnings

General Revenues—Taxes

Interest Payable

Investments

Other Financing Sources—Interfund Transfers In

Other Financing Sources—Interfund Transfers Out

Other Financing Sources—Premium on Bonds Payable

Other Financing Sources—Proceeds of Bonds

Other Financing Sources—Proceeds Refunding of Bonds

Other Financing Sources—Proceeds of Special Assessment Bonds

Other Financing Uses—Interfund Transfers Out

Other Financing Uses—Proceeds of Refunding Bonds

Other Financing Uses—Refunded Bonds

Premium on Bonds Payable

Program Revenues—General Government

Revenues

Revenues—Change in Fair Value of Investments

Serial Bonds Payable

Special Assessment Debt with Governmental Commitment

Term Bonds Payable