This one question with five parts to it please help. 3:08 REQUIRED:...
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Accounting
This one question with five parts to it please help.
3:08 REQUIRED: Prepare journal entries for the following related transactions only in the Capital Projects Fund 1. A capital projects fund issued $15,000,000,3% bonds at par value to finance improvements to City Hall 2. The City Improvement Special Revenue Fund transferred $750,000 to the capital projects fund for use in construction 3. A construction contract was awarded and signed in the amount of $15,200,000. 4. A bill was received from the contractor for $8,400,000 and approved for payment 5. The contractor's bill was paid. A five percent (5%) retainage is withheld
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