The following events take place: 1. 2. 3. Donald Martin died and left 100 acres of undeveloped land to the city for a future park. He acquired the land at $100 an acre, but at the date of his death, the land was appraised at $8,200 an acre. The city authorized the transfer of $90,000 of general revenues and the issuance of $930,000 in general obligation bonds to construct improvements on the donated land. The bonds were sold at par. The improvements were completed at a cost of $1,020,000, and the operation of the park was turned over to the City Parks Department. Prepare entries in general journal form to record these transactions in the proper fund(s). Designate the fund in which each transaction is recorded. If the transaction did not result in a journal entry to a government fund, record the journal entry needed to reflect the information in the government-wide Statement of Net Position. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 1. Government-Wide Statement of Net Position 2. General Fund Capital Projects Fund (To record issuance of bonds) (To record transfer of general revenues) Government-Wide Statement of Net Position 3. Capital Projects Fund (To record payment) (To close expenditures and related accounts to fund balance) Government-Wide Statement of Net Position