Prepare journal entries for capital projects fund and the government-wide governmental activities general journal for each of the following unrelated transactions. (The General Fund should not be used.) 4. A city issued a $5,000,000 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.) 4 Capital Projects Fund Cashselected answer correct 5,000,000selected answer correct not attempted Other Financing Sources—Proceeds of Bonds selected answer correct not attempted 5,000,000selected answer correct Governmental Activities Cashselected answer correct Premium on Bonds Payableselected answer correct not attempted Bonds Payableselected answer correct not 5000000 5. A borough sold $4,000,000 of 6 percent construction-related bonds dated January 1 on March 1 at par. The construction is related to governmental activities. 5 Capital Projects Fund Cashselected answer correct 4,000,000selected answer correct not attempted Other Financing Sources—Proceeds of Bonds selected answer correct not attempted 4,000,000selected answer correct Governmental Activities Cashselected answer correct Bonds Payableselected answer correct Accured Interest Payable (or Expenses—Interest on Bonds)selected answer correct

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