Question: (Long-term debt adjustments for government-wide financial statements(GWFSs)) Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2013. During 2014, Sai-Tu Village sold $500,000 of new general obligation bonds and redeemed $300,000 of bonds outstanding at the beginning of the year. Prepare journal entries needed to adjust Sai-Tu's fund financial statements so government-wide statements can be prepared for the year ended December 31, 2014.