Suppose you are a financial manager at the City of South Bend. The City uses the modified accrual base accounting to record fiscal transactions. Provide completed fund transaction worksheets for the General Fund, Capital Fund, and Debt Service Fund using the transactions below.

Note $1.$ When you fill out your transaction worksheets and generate financial statements, write $$appropriate and specific account names$$ related to each transaction.

Note $2.$ While each transaction worksheet shows a list of transaction numbers $($e$.$g$.,$ Transaction $1,$ Transaction $2,...),$ sometimes you should leave it blank because some transactions have no impact on some funds.

Transaction $1.$ The City has employees who earned $$100,000$ for the year. $80$ percent of the total amount of wage had been paid by the end of this fiscal year. But $20$ percent of the total wage will be paid a month after the beginning of the next fiscal year.

Transaction $2.$ Markers and pencils were ordered by the City. All items ordered were received. The bill for the supply purchases was $$3,000.50$ percent of the bill had been paid, but $50$ percent of the bill had not been paid. By the end of the fiscal year, the supply had been used.

Transaction $3.$ The City issued property tax bills, which were for $$100,000.70$ percent of total tax bills had been collected in this fiscal year. $20$ percent of total tax bills are expected to be collected early in the next fiscal year $($such as during the first two months of the next fiscal year$).$ But $10$ percent of tax bills are expected to be collected three months after the beginning of the next fiscal year$).$

Transaction $4.$ The City is entitled to receive restricted grants, $$60,000,$ from the State of Indiana because the grants should be used only for education programs. During the year, grants in the amount of $$50,000$ were made. However, the State will be paying $$10,000$ for the grant within $60$ days after the next fiscal year starts.

Transaction $5.$ The City was legally required to transfer $$5,000$ from its general fund to its debt service fund. According to state law and bond contract, the City has to set aside money in the debt service fund to pay periodic interest payments to bondholders and pay off the principal amount of bonds at the maturity date. A total of $$3,000$ of cash was paid to the debt service fund during this fiscal year. But, $$2,000$ was not transferred from its general fund to its debt service fund this year.

Transaction $6.$ The City issued municipal bonds for $$150,000$ to build a new elementary school building this year.

Transaction $7.$ The City constructed the elementary school by using the money from the bonds issued in this fiscal year. The elementary school building is expected to last $15$ years and has a salvage value of $$20,000.$

Transaction $8.$ The principal due on St$.$ Joseph Village$$s debt $($i$.$e$.,$ bonds$)$ during the year and paid from the debt service fund was $$10,000.$ The interest due on St$.$ Joseph Village$$s debt during the year and paid from the debt service fund was $$5,000.$

$(1)$ Provide a completed transaction worksheet for the General Fund of the City of South Bend.

$(2)$ Provide a completed transaction worksheet for the Capital Project Fund of the City of South

Bend.

$(3)$ Provide a completed transaction worksheet for the Debt Service Fund of the City of South

Bend.