The City of Grinders Creek maintains its books in a manner that facilitates the preparation of fund accounting statements and uses

worksheet adjustments to prepare government$-$wide statements.

General fixed assets as of the beginning of the year, which had not been recorded, were as follows:

Land

Buildings

Improvements Other Than Buildings

Equipment

Accumulated Depreciation, Capital Assets

During the year, expenditures for capital outlays amounted to $$7,528,000.$ Of that amount, $$4,818,100$ was for buildings; the

remainder was for improvements other than buildings.

The capital outlay expenditures outlined in $(2)$ were completed at the end of the year $($and will begin to be depreciated next year$).$

For purposes of financial statement presentation, all capital assets are depreciated using the straight$-$line method, with no

estimated salvage value. Estimated lives are as follows: buildings, $40$ years; improvements other than buildings, $20$ years; and

equipment, $10$ years.

In the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances, the City reported proceeds from

the sale of land in the amount of $$602,800.$ The land originally cost $$507,800.$

At the beginning of the year, general obligation bonds were outstanding in the amount of $$4,029,000.$ Unamortized bond premium

amounted to $$46,000.$

During the year, debt service expenditures for the year amounted to: interest, $$1,191,800,$ and principal, $$1,051,900.$ For purposes of

government$-$wide statements, $$4,600$ of the bond premium should be amortized. No adjustment is necessary for interest accrual.

At year$-$end, additional general obligation bonds were issued in the amount of $$4,344,500,$ at par.

Required:

Prepare the journal entries for the worksheet adjustments for each of the above situations.

Note: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first account fleld. Round your

answers to the nearest whole dollar.