The City of Waterville applied for a grant from the state government to build a pedestrian bridge over the river inside the city's park. On May 1, the city was notified that it had been awarded a grant of up to $250,000 for the project. The state will provide reimbursement for allowable expenditures. On May 5, the special revenue fund entered into a short-term loan with the General Fund for $250,000 so it could start bridge construction. During the year, the special revenue fund expended $210,000 for allowable bridge construction costs, for which it submitted documentation to the state. Reimbursement was received from the state on December 13. Required For the special revenue fund, provide the appropriate journal entries, if any, that would be made for the following. (Assume the city has a fiscal year-end of December 31.) (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. May 1, notification of grant approval. 2. May 5, loan from General Fund. 3. During the year, bridge expenditures and submission of reimbursement documentation. 4. December 13, receipt of the grant reimbursement funds. 5. December 31, adjusting and closing entries. View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the notification of grant approval on May 1 > View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the notification of grant approval on May 1. Note: Enter debits before credits. Transaction 01 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record the loan from the General Fund on May 5. Note: Enter debits before credits. Transaction 02 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet > 1 2 3 4 5 6 > Record the expenditure using Vouchers Payable. Note: Enter debits before credits. Transaction 3(a) General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 6 > Record the revenue due from state government. Note: Enter debits before credits. Transaction 3(b) General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 6 December 13, receipt of the grant reimbursement funds. Note: Enter debits before credits. Transaction 04 General Journal Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet < 1 2 3 45 6 > December 31, adjusting and closing entries. Note: Enter debits before credits. Transaction 05 General Journal Debit Credit Record entry Clear entry View general journal