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Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $115.000. b. The city print shop did $2,700 worth of work for the school system (but has not yet been palo). c. A(n) $10 million bond was issued at face value to build a new road. d. The city transfers cash of $190.000 from Its general fund to provide permanent financing for a municipal swimming pool that will be maintained as an enterprise fund. e. The truck ordered in () is received but at an actual cost of $117.400. Payment is not made at this time. f. The city transfers cash of $39.800 from its general fund to a capital projects fund. 9. The city recelves a state grant of $50.000 that must be spent to promote recycling by the citizens. h. The first $7.600 of the state grant received In (g) is expended as intended. Prepare journal entries for the City of Pudding's governmental funds to record the fund financial statements. (Select the appropriate fund for each situation when required. Enter your answers in dollars, not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Debit Credit Transaction Fund/Activity General Journal a. A new truck for the sanitation department was ordered at a cost of $115.000 a. General Fund Record encumbrances outstanding Encumbrances - truck 115,000 115,000 b. The city print shop did $2,700 worth of work for the school system (but has not yet been paid). b. General Fund Record amount due to internal service fund. 2,700 Due to internal service fund 2.700 C C. A(n) $10 million bond was issued at face value to build a new road. Capital Projects Fund Record sale of bonds Cash Other financing sources - bonds proceeds 10,000,000 10,000,000 d. The city transfers cash of $190,000 from its general fund to provide permanent financing for a municipal swimming pool that will be maintained as an enterprise fund. d. General Fund Record authorization of transfer for construction. 190,000 Cash 190,000 e. The truck ordered in (a) is received but at an actual cost of $117.400. Payment is not made at this time. General Fund Record entry to remove encumbrance. 115,000 Encumbrances-truck 115,000 Record receipt of truck Expenditures - truck Vouchers payable 117,400 117,400 f. The city transfers cash of $39,800 from its general fund to a capital projects fund. f. General Fund Record cash received from general fund to capital project fund. 39,800 Cash 39,800 Capital Projects Fund Record transfer in to capital project fund. Cash Other financing sources - transfers in 39,800 39,800 g. The city receives a state grant of $50,000 that must be spent to promote recycling by the citizens. 9 Special Revenue Fund Record state grant received for promoting recycling Cash Unearned grant revenue 50,000 50,000 h. The first $7,800 of the state grant received in (g) is expended as intended. h. Special Revenue Fund Record cash received from the state grant. Unearned grant revenue Revenues 7.600 7,800 Record the expenditure of the grant for recycling Expenditures - public service Cash 7,600 7,600 Prepare journal entries for the City of Pudding's governmental funds to record the government-wide financial statements. (Select the appropriate fund for each situation when required. Enter your answers in dollar, not in millons. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less Debit Credit Transaction Fund/Activity General Journal a. A new truck for the sanitation department was ordered at a cost of $115.000 a. Record encumbrances outstanding, No joumal entry required b. The city print shop did $2,700 worth of work for the school system (but has not yet been paid). b. Record amount due to interal service fund. No joumal entry required C. A(n) $10 million bond was issued at face value to build a new road. c. Governmental Activities Record sale of bonds Cash Bonds payable 10,000,000 10,000,000 d. The city transfers cash of $190,000 from its general fund to provide permanent financing for a municipal swimming pool that will be maintained as an enterprise fund. d. Governmental Activities Record authorization of transfer for construction 190,000 Cash 190,000 Business-Type Activities Record payment of cash for construction. Cash 190,000 190,000 Business-Type Activities Record payment of cash for construction. Cash 190,000 190,000 e. The truck ordered in (a) is received but at an actual cost of $117.400. Payment is not made at this time. Governmental Activities Record receipt of truck Equipment - trucks Vouchers payable 117,400 117.400 f. The city transfers cash of $30,800 from its general fund to a capital projects fund. f. Record cash received from general fund to capital project fund No joumal entry required g. The city receives a state grant of $50,000 that must be spent to promote recycling by the citizens. 9 Governmental Activities Record state grant received for promoting recycling, Cash Unearned grant revenue 50,000 50,000 h. The first $7,600 of the state grant received in (g) is expended as intended. h. Governmental Activities Record cash received from the state grant. 7,800 7,600 Record the expense of the grant for recycling 7,600 7.600

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