$**$ ONLY NEED HELP WITH S $**$

Residents from the Town of Mountain View authorized a $$8,000,000$ renovation to their historic town hall on November $15,2022.$ Financing for the project consists of $$3,100,000$ from a $4$ percent serial bond issue, $$2,600,000$ from a state grant, and $$2,300,000$ from the General Fund. Debt service for the serial bonds will be provided by a one$-$quarter$-$cent city sales tax imposed on every dollar of sales in the city. You may ignore entries in the General Fund. The town has a calendar year$-$end.

Residents from the Town of Mountain View authorized a $$8,000,000$ renovation to their historic town hall on November $15,2022.$

Financing for the project consists of $$3,100,000$ from a $4$ percent serial bond issue, $$2,600,000$ from a state grant, and $$2,300,000$

from the General Fund. Debt service for the serial bonds will be provided by a one$-$quarter$-$cent city sales tax imposed on every dollar

of sales in the city. You may ignore entries in the General Fund. The town has a calendar year$-$end.

Required

Prepare journal entries to record the related transactions in the town's capital projects fund, debt service fund, and governmental

activities at the government$-$wide level. $($Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$

select $"$No Journal Entry Required" in the first account field.$)$

The roof leak was repaimad salfstactorily, and the dity pold the frol biling and all matainges.

q Dobt Sarvibe fund Alo Joumal Entry Roquimad Caplal Projocta Fund Contracts Payabia $2,200,000$; Contracts Payabio $-$ Ratainod Pernontage B$8,000$; Cosh $2\mathrm{.}288,000$ Governmental Retivifes Contracta Payabia $2,200,000$; Contracts Payabio$-$Rebainod Pernentage B$8,000?$ Cosh $2\mathrm{.}288,000$ r$.$ The April $1$ dobot service payments ame made. r Dabt Service fund Expenditures$-$Internat $62\mathrm{.}000$ Expanditurss$-$Prinicpal $,000?$ Cosh $372,000$ Capital Projocta Fund No Joumal Entry Roquimad Govarnmental Activises Promilum on Banda Fiapible $2408$ Expanses$-$Intercest on Long$-$tarmi dobt $59\mathrm{.}520?$ Bonds Paryable $,000?$ Cush $372,000$

s:$1)$ Dobt Service fund Cash F Other Financing Sourcos$-$Intarfund Tranators in $(2)$ Al capital projacts fund nominal accounts are cloced, and mamining cosh in the capital projects fund is transfor was not anticipatad.$)$ Estimatod Other Financing Sourses$-$Intartund Tirasfora In Budgotary Fund Balance s$(3)$ Caplal Projocta Fund Focord the rocoipt for dobt service payments. Find Balonce $-$Aasigned Find Bolonce$-$Restrictod Conatruction Expencitums s$(4)$ Focord the travefor of capital projoct funds to the dobe service find. Otar Finencing Souroes $-$ Intarfund Transtors Out Coush s$(5)$ Focond the clasing antry aflior tranalor out. Fund Bolance A$.$Aasigned Ouner Financing Uases Intarfund Transtors Out $5(6)$ Governmental Activites Focord the closing antry and rocleasify the appropriata amounts. builings Amprovaments other then Buidings Conatruction Wark in Progresa