The Noor Housing Authority, a povernmental entity, accounts for its activities on a modified accrual basis of accounting in the current period. It reports the following transactions: The Authority issues $2.5 million in long-term bonds. . The Authority purchases 4 acres of land for $3,000,000 in cash. It sells one of these acres of land for $750,000 in cash. It made a $185,000 payment on the debt consisting of $35,000 of interest and $150,000 in principal. It lost a lawsuit filed by one of its renters and was ordered to pay $1 million in damages over 4 years and made its first cash payment Prepare journal entries to record each of these transactions in the general fund