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

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

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

3. Spectacular Construction billed the county of Santa Clara $1,000,000 upon completion of the project

4. The park is completed