Some transactions are reported in a different way in funds versus government-wide statements, but other is not.
The state department of highways engaged in the subsequent transactions or was affected by the subsequent events during its fiscal year ending on 31st December, 2013:
a. It signed a two-year lease for office space for the period 1st June, 2013 through 31st May, 2015. Rent was to be $20,000 per month. Upon signing the lease, it paid one year rent of $240,000 in advance. It accounts for prepayments on a buy basis.
b. In December, it settled accident-related litigation by approving to pay the injured party $2.5 million. The payment was to be made June 2014
c. In November, it publicized $145 million in reimbursement grants to countries within the state. The grants are to cover up road enhanced to be made in the years 2014 and 2015.
d. In December, it announced a $5 million grant to a city to fit computerized traffic signals. The department expects to make payment in January but did not identify the year in which funds can be expended.
e. On 1st July, it issued $10 million of 6%, 20 years bonds, receiving proceeds of $10,234,930. The bonds were sold to yield of 5.8 percent (2.9 percent per semi-annual period). On 31st December, it made its first semi-annual interest payment of $300,000
Organize journal entries to reflex how the transaction and events would be recorded for governmental fund statements and government-wide statements.