Styles Pen Color Borders Border Painter Table Styles 34 1: Borders 11 14 15 163 The financial information for the budget year2018 is given below. You are required to: (b) Pass Journal entries in different Funds Complete Statement of revenues, expenditures, and changes in fund balances for Governmental Funds Balance Sheet - Governmental Funds 1. The City issued operational bonds to the value of $ 8 million to finance its general operating expenditure at 10% discount 2. The City issued $ 15 million in long-term Developmental Bonds to construct a City Hall. The proceeds must be used for the intended purpose and therefore must be recorded in the appropriate fund. I 3. The City received a state grant of $10 million to improve the sewage facilities of the city. This grant is restricted to a specific purpose and therefore must be recorded in a restricted fund. 4. Using the Developmental Bond issue proceeds, the City constructed the City Hall by spending $ 6.5 million 5. The City spend $ 3.5 million as part of improving the sewage facilities of the city