The City of Southern Pines maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. Use the account titles presented during the first 4 weeks where appropriate. Use the account title referred to in the question for all other entries (general obligation bonds = Bonds Payable). Vacations that were earned this year but will be taken in future period at the City of Southern Pines amounted to $5,000. The long-term liability balance for compensated absences had an ending balance of $750,000 at fiscal year- end