The city of Jeffersonville acquired the following capital assets in 2013:
1. Snow removal equipment was purchased by the general fund at a cost of $ 1,000,000.
2. A used delivery van was purchased by the internal service fund at a cost of $25,000.
3. A building was purchased for $2,000,000 by the capital projects fund to serve as a youth center. The purchase was financed by a 20-year bond issue.
4. Pool equipment was purchased for $800,000 by the community center enterprise fund. The purchase was financed by a bank loan.
Required
Prepare the entries needed to record the above transactions. For each entry, indicate the fund in which the entry is recorded, and how the asset, and liability if appropriate, are reported in the fund's balance sheet.