Wildwood Township entered into the following transactions during 20X6:
1. The township authorized a bond issue of $5,000,000 par to finance construction of a fountain in the town square. The bonds were issued for $5,120,000. Bond issue costs of $30,000 were incurred and paid. The premium, less bond issue costs, was transferred to the fund from which the debt is to be serviced.
2. The township entered into a contract for construction of the fountain at an estimated cost of $4,850,000.
3. The town received and paid a $4,890,000 bill for the construction upon completion of and approval of the fountain.
4. The unused bond proceeds were set aside for debt service on the bonds. Accordingly, those resources were paid to the appropriate fund.

Required
Prepare the journal entries (budgetary and actual) required in the various accounts (both in the funds and in the General Capital Assets and General Long-Term Liabilities accounts) of Wildwood Township to record these transactions.