Problem 2 - Chapter 5 Journal Entries. Record the following transactions in general journal form related to the capital activities of the Foster City described below. Journal entries should be made in the spaces provided below for each fund requiring an entry. If no entry is required in a fund or in Governmental Activities, you must write NO ENTRY in order to receive credit. No subsidiary ledgers entries are required. Ignore journal entries that would be required in the General Fund. At the end of 2020, Foster City issued tax-supported bonds through its General Fund with a par value of $20,000,000 to construct a new office building. Assume the proceeds of these bonds was initially recorded in the General Fund and was then transferred to a new Office Building Capital Projects Fund they created. You do not need to make an entry for this. Assume this already occurred and was already recorded for fiscal year 2020. 2. On July 21,2021, a progress billing (invoice) of $9,600,000 was received from Brick-by-Brick Corporation for construction work performed. Record the appropriate journal entries below for this progress billing. Office Building Capital Projects Fund: Governmental Activities