On January 14, 2014, the city of Westport authorized a $900,000 bond issue for the purchase of a building to be used as a community center. On May 3, the bonds were issued at par, and on June 1, the building was purchased and paid for. On November 1, the general fund paid the semiannual interest of $18,000 on the bonds.
Required
Record all necessary entries in the capital projects fund and the general fund for the above information. State where each account is reported in the fund financial statements.