Answer:
Marilyn County
1. Journal Entries:
1. January 1, 2013, 
Debit Capital Projects Fund $1,000,000 
Credit General Obligation Bonds Payable $1,000,000
To record the issuance of bonds, payable in 20 equal semiannual installments of $50,000 over a 10-year period commencing October 1, 2013, with interest of 4 percent per annum paid on the outstanding debt.
2. May 1, 
Debit Capital Projects Fund $20,000 
Credit General Fund $20,000
To fund the additional project costs.
3. July 1 
Debit Construction of Community Center $1,020,000 
Credit Capital Projects Fund $1,020,000.
To record the payment to the contractors for completed construction of Community Center with estimated 20 years useful life.
4. September 30, 2013 
Debit Debt Service Fund $70,000 
Credit General Fund $70,000 
To transfer funds for debt service.
5. October 1:
Debit Bonds Payable $50,000 
Debit Interest on Bonds Expense $20,000 
Credit Debt Service Fund $70,000
To record the payment of the debt service with semi-annual interest.
2. Governmental activities column of the government- wide financial statements:
Capital assets $1,020,000
Reduction of Liabilities $950,000 ($1,000,000 - $50,000)
Payment of debt service and interest $70,000
3. December 31, 2013, government-wide statement of net position
Investment in capital assets, $1,020,000
Related debt                              (950,000)
Invested capital assets, net       $70,000
4. December 31, 2014, government-wide statement of net position
Investment in capital assets, $1,020,000
Related debt                              (850,000)
Invested capital assets, net      $170,000
Explanation:
a) Data and Analysis:
1. January 1, 2013, Capital Projects Fund $1,000,000 General Obligation Bonds Payable $1,000,000 
2. May 1, Capital Projects Fund $20,000 General Fund $20,000
3. July 1 Construction Contract $1,020,000 Capital Projects Fund $1,020,000.
4. September 30, 2013 Debt Service Fund $70,000 General Fund $70,000  
5. October 1, Bonds Payable $50,000 Interest on Bonds Expense $20,000 ($1,000,000 * 4% * 6/12) Debt Service Fund $70,000