The county of Los Angeles is building a new park. The main financing source will be a $1,000,000 bond issue. In addition, the general fund will transfer $100,000 to fund the capital project. Record the journal entries for the Capital Project Fund and the Government-Wide financial statements.

1. The county has signed a contract with Angels Construction to construct the park for $1,000,000

2. The $1,000,000 bonds were issued at par.

3. Angels Construction billed the county of Los Angeles for $1,000,000 upon completion of the project

4. The park was completed.