Question: Answer is not complete. Transaction Fund / Governmental Activties General Journal Debit Credit 1 . The county issued $ 6 , 0 0 0 ,

Answer is not complete. Transaction Fund / Governmental Activties General Journal Debit Credit 1. The county issued $6,000,000 of 4 percent bonds at par. Proceeds from the bonds were to be used for construction of the library. 1 Capital Projects Fund Cashselected answer correct 6,000,000selected answer correct not attempted not attempted not attempted 6,000,000selected answer correct Governmental Activities Cashselected answer correct 6,000,000selected answer correct not attempted not attempted not attempted 6,000,000selected answer correct 2. A $650,000 federal grant was received to help finance construction of the library. 2 Capital Projects Fund Cashselected answer correct 650,000selected answer correct not attempted not attempted not attempted 650,000selected answer correct Governmental Activities Cashselected answer correct 650,000selected answer correct not attempted Cashselected answer incorrect not attempted 650,000selected answer correct 3. The Library Special Revenue Fund transferred $250,000 for use in construction of the library. 3 Capital Projects Fund Cashselected answer correct 250,000selected answer correct not attempted Cashselected answer incorrect not attempted 250,000selected answer correct Governmental Activities Cashselected answer incorrect 250,000selected answer incorrect not attempted Cashselected answer incorrect not attempted 250,000selected answer incorrect 4. A construction contract was awarded in the amount of $6,800,000.4 Capital Projects Fund Cashselected answer incorrect 6,800,000selected answer correct not attempted Cashselected answer incorrect not attempted 6,800,000selected answer correct Governmental Activities Cashselected answer incorrect 6,800,000selected answer incorrect not attempted Cashselected answer incorrect not attempted 6,800,000selected answer incorrect 5. The library was completed four months ahead of schedule. Total construction expenditures for the library amounted to $6,890,000 and were settled with cash. When the project was completed, the cost of the library was allocated as follows: $200,000 to land, $6,295,000 to building, and the remainder to equipment. 5a Capital Projects Fund Record the completion of construction of the library. Cashselected answer incorrect not attempted not attempted Cashselected answer incorrect not attempted not attempted 5b Record the payment upon completion of capital project. Cashselected answer incorrect not attempted not attempted Cashselected answer correct not attempted not attempted 5c Governmental Activities Record the completion of construction of the library. Cashselected answer incorrect not attempted not attempted Cashselected answer correct not attempted not attempted 5d Record the capitalization of each item. Cashselected answer incorrect not attempted not attempted Cashselected answer incorrect not attempted not attempted Cashselected answer incorrect not attempted not attempted Cashselected answer incorrect not attempted not attempted 6. The

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