The state also announced a $5 million grant to a third schooldistrict again for

The state also announced a $5 million grant to a third schooldistrict again for the acquisition of computers. The state willmake annual five $1 million payments to the district starting onSeptember 15 2013. The district is required to expend the funds inthe fiscal year in which they are receiveda. Prepare the journal entry that the state would make in fiscal2009 to record the awards in an appropriate governmental fund.Briefly justify the amount of expenditure that yourecognized.