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Transaction Fund/Governmental Activtios General Journal Debit Credit 1. A town secures a note payable in the amount of $140,000 to pay initial expenses for construction of a new police station. Town administrators plan to repay this note within three months with tax revenues and issue a construction bond shortly thereafter. Governmental Activities \begin{tabular}{l} Capital Projects Fund \\ \hline \begin{tabular}{l} Govemmental \\ Activities \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline \end{tabular} 2. A county secures a bond anticipation note in the amount of $500,000 to pay initial expenses for construction of a convention center. The board of county commissioners recommended that the finance department refinance the bond anticipation note by issuing a construction bond when construction activity begins. \begin{tabular}{|l|l|l|l|l|} \hline 2 & Capital Projects Fund & & & \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & & & \\ \hline & & & \\ \hline \end{tabular} 3. Due to an unexpected change in interest rates, a village issued a $3,200,000 bond at 98 percent of par value. The bond was issued to fund construction of a bike path, including restrooms and picnic shelters. It is expected that the shortage will be covered by a future transfer from another fund: 4. A city issued a $5,400,000 bond at 101 to fund construction of a city hall addition. (You can assume that the premium is directly deposited in the debt service fund, and you need not prepare the debt service fund entry.) 5. A borough sold $3,600,000 of 6 percent construction-related bonds dated January 1 on March 1 at par. The construction is related to governmental activities. \begin{tabular}{|l|l|l|l|l|} \hline 5 & Capital Projects Fund & & & \\ \hline & & & & \\ \hline & \begin{tabular}{l} Governmental \\ Activities \end{tabular} & & & \\ \hline & & & & \\ \hline \end{tabular}