The City of Jonesboro engaged in the following transactions during the fiscal year ended September 30.

1. The City transferred $300,000 from the General Fund to the Debt Service Fund to make the interest payments due during the fiscal year. The payments due during the fiscal year were paid.

2. The City transferred $75,000 from the Air Operations Special Revenue Fund to the General Fund to close out the operations of that fund.

3. The City paid $130,000 from the General Fund to the City Electric Utility Enterprise Fund for the utilities used by the general and administrative offices during the year.

4. The City transferred the actuarially determined pension contribution of $2 million from the General Fund to the Citys Pension Trust Fund.

5. The City acquired a piece of equipment for $140,000. The equipment will be used by the Street Department. The City financed the purchases by borrowing $140,000 from the local bank at 5% interest.

6. The City transferred $1,500,000 from the General Fund to the Debt Service Fund to make principal and interest payments during the current year.

7. The City made payments of $1 million principal and $500,000 interest on bonds that had been outstanding for several years.

8. On September 1, the City acquired several computers through an operating lease. The City made the lease payments of $50,000 on September 30.

Required: Prepare the necessary journal entries to record the transactions. Identify the fund or account group in which the above events would be recorded.