Among the activities of Calabash County for the fiscal year beginning July 1, 2005, and ending June 30, 2006, were the following: 2005 July 1 Approved the annual budget for the Gasoline Tax Special Revenue Fund as follows: Appropriations, $600,000. estimated revenues, $640,000, July 5 Executed a contract for the construction of a new public library at a total cost of $5 million Aug. 1 Authorized a special assessment of $400,000 on residents of the North Sub- division for construction of sidewalks. The special assessment, which was payable in five annual installments of $80.000 beginning October 1, 2005, with interest at 9% a year on the unpaid installments, was to be accounted form the Special Assessment Special Revenue Fund. Sept.1 Acquired from proceeds of general tax revenues equipment costing $20,000 (the related purchase order was for $19,600). The equipment was to be used by the general government of Calabash County, which does not depreciate plant assets, in the voluntarily maintained General Capital Assets Account Group. The county uses encumbrance accounting Instructions: 1. Prepare journal entries for the fiscal year ended June 30, 2006, for the foregoing transactions or events of Calabash County. 2. Identify the funds or account groups in which the journal entries are recorded.