Question: please solve this question, write the journal entries, be specific and explain everything. there is no additional information. 39- Preparejournal entries for a local government
please solve this question, write the journal entries, be specific and explain everything. there is no additional information.

39- Preparejournal entries for a local government to record the following transactions, rst for fund nancial statements and then for governmentwide nancial statements. a. b. The government sells $900,000 in bonds at face value to nance construction of a Warehouse. A $1.1 million contract is signed for construction of the warehouse. The commitment is required, if allowed. A $130,000 transfer of unrestricted funds was made for the eventual payment of the debt in (a). . Equipment for the re department is received with a cost of $12,000. When it was ordered, an anticipated cost of $11,800 had been recorded. . Supplies to he used in the schools are bought for $2,000 cash. The consumption method is used. A state grant of $90,000 is awarded to supplement police salaries. The moneyr will be paid to reimburse the government after the supplement payments have been made to the police officers. . Property tax assessments are mailed to citizens of the government. The total assessment is $600, 000, although ofcials anticipate that 4 percent will never be collected. There is an enforceable legal claim for this money and the government can use it immediately
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