The City of Grinders Switch maintains its books in a manner that facilitates the preparation of fund accounting statements and uses worksheet adjustments to prepare government-wide statements.

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

Land	$	7,712,000
Buildings		33,451,200
Improvements Other Than Buildings		14,862,800
Equipment		11,587,000
Accumulated Depreciation, Capital Assets		25,372,600

2. During the year, expenditures for capital outlays amounted to $7,522,000. Of that amount, $4,814,200 was for buildings; the remainder was for improvements other than buildings.
3. 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.
4. 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 $602,200. The land originally cost $507,200.
5. At the beginning of the year, general obligation bonds were outstanding in the amount of $4,023,000. Unamortized bond premium amounted to $40,000.
6. During the year, debt service expenditures for the year amounted to: interest, $1,095,200; principal, $914,800. For purposes of government-wide statements, $4,000 of the bond premium should be amortized. No adjustment is necessary for interest accrual.
7. At year-end, additional general obligation bonds were issued in the amount of $3,777,800, at par.

Prepare the journal entries for the worksheet adjustments for each of the above situations. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.)

Accounts that can be used:

• No Journal Entry Required
• Accumulated DepreciationBuildings
• Accumulated DepreciationEquipment
• Accumulated DepreciationImprovements Other than Buildings
• Accumulated Depreciation, Capital Assets
• Bonds Payable
• Buildings
• Depreciation Expense
• Equipment
• ExpendituresCapital Outlay
• ExpendituresPrincipal
• Improvements Other Than Buildings
• Interest Expense
• Land
• Net Position
• Other Financing SourcesProceeds of Bonds
• Premium on Bonds Payable
• Special ItemGain on Sale of Land
• Special ItemProceeds from Sale of Land