The City of Mountain View had the following transactions during the year, none of which have been recorded yet. Some of the transactions affect governmental activities.

1. Some old bonds, originally issued at par value, were refunded this year with the issuance of $4,000,000 worth of new tax supported serial bonds.
2. The Debt Service Fund made a $110,000 lease payment, of which $16,810 was interest. Funds used to make the lease payment came from a capital grant received by the Special Revenue Fund.
3. Construction bonds worth $7,000,000 were sold at par by the Capital Projects Fund. Debt issuance costs included administrative fees of $50,000 and prepaid insurance costs of $5,000.
4. Four months prior to year-end, $600,000 worth of 6% special assessment bonds were sold to fund a bicycle lane improvement project. The first $30,000 installment will be due from property owners six months after the initial bond issuance. The bonds are secondarily backed by the city.

Required:

Prepare in general journal form the necessary entries in the governmental activities and appropriate fund journals for each transaction. You may omit explanations but must name the fund in which each entry would be made.

• Submit your responses to the questions in an Excel spreadsheet. Label each question clearly. Include