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Cash of $90,000 is transferred from a citys general fund to start construction on a police station. The city issues a bond aTransaction Fund/Activity General Journal DebitCredit 1. Transfer from general fund and issue of bonds for construction of po3. Transfer from general fund and issue of bonds for construction of police station. Record transfer in of cash. Record sale

Cash of $90,000 is transferred from a city's general fund to start construction on a police station. The city issues a bond at its $1.8 million face value. The police station is built for $1.89 million. a. Assume that the city does not record the commitment. Prepare all necessary journal entries for these transactions for both fund and government-wide financial statements. (Select the appropriate fund for each situation when required. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Transaction Fund/Activity General Journal DebitCredit 1. Transfer from general fund and issue of bonds for construction of police station. Record sale of bonds. Record completion of construction 2. Transfer from general fund and issue of bonds for construction of police station. 2 Record authorization of transfer for construction
3. Transfer from general fund and issue of bonds for construction of police station. Record transfer in of cash. Record sale of bonds Record completion of construction.
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Answer #1

Nou) the below dousnal Entvies Par ticulass Debit edit | The Cash 3ond 800, 6od he Ruild 810, 000 Cas ③ | Other Financing Use

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