The following information pertains to Elizabeth Township's construction and financing of a new administration center:

During Elizabeth's year ended June \(30,20 \mathrm{X} 7\), the following events occurred that affected the capital projects fund established to account for this project:

Elizabeth uses encumbrance accounting for budgetary control. Unencumbered appropriations lapse at the end of the year.
\section*{Required}

a. Prepare journal entries in the administration center capital projects fund to record the foregoing transactions.

b. Prepare the June 30,20X7 closing entries for the administration center capital projects fund.

c. Prepare the administration center capital projects fund balance sheet at June 30, 20X7.

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Estimated Cost of Project Project Financing: State Entitlement Grant General Obligation Bonds: Face Amount Stated Interest Rate Issue Date Maturity Date $9,000,000 3,000,000 6,000,000 6% December 1, 20X6 10 years into the future