Prepare journal entries for the City of Pudding's governmental funds to record the transactions listed below, first for fund financial statements and then for government-wide financial statements. Ensure clarity in your responses.
- A new truck for the sanitation department was ordered at a cost of $111,500.
- The city print shop did $1,800 worth of work for the school system (not yet paid).
- A $7 million bond was issued at face value to build a new road.
- The city transfers $157,000 cash from its general fund for a municipal swimming pool (enterprise fund).
- The truck ordered in (1) is received but at an actual cost of $113,900. Payment is not made at this time.
- The city transfers $37,200 cash from its general fund to a capital projects fund.
- The city receives a state grant of $50,000 for citizen recycling promotion.
- The first $9,000 of the state grant received in (7) is expended as intended.
Provide clear journal entries for each transaction.