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Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first...

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Accounting

Prepare journal entries for the City of Pudding's governmentalfunds to record the following transactions, first for fundfinancial statements and then for government-wide financialstatements.

  1. A new truck for the sanitation department was ordered at a costof $107,250.
  2. The city print shop did $2,700 worth of work for the schoolsystem (but has not yet been paid).
  3. An $12 million bond was issued to build a new road.
  4. Cash of $183,000 is transferred from the general fund toprovide permanent financing for a municipal swimming pool that willbe viewed as an enterprise fund.
  5. The truck ordered in (a) is received at an actual cost of$110,850. Payment is not made at this time.
  6. Cash of $38,600 is transferred from the general fund to thecapital projects fund.
  7. A state grant of $60,000 is received that must be spent topromote recycling.
  8. The first $9,300 of the state grant received in (g) isappropriately expended.

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