1.In 20X3, The city of puget Sound singned a contract in the amount of $5,000,000 for the construction of a new city jail. Expenditures were $3,000,000 in 20X3 and $2,015,000 in 20X4, including a change order in the amount of $15,000. What amount should be credited to Net Assets--Invested in GCA account in fiscal year 20X4?

2.During the year, a debt service fund received $2,800,000 in transfers from the GF and exoended $2,000,000 for interest and $800,000 for principal payments on debt related to the acquisition of capital assets. Assuming no additional transactions regarding the debt during the year, the Net Assets--Invested in Capital Assets Account in the Government wide Statement would: (A)Increase by $800,000 (b)Increase by $2,000,000 (c)Increase $2,800,000 (d)not change

3.A city's fiscal year ends on Dec 31. On July 1, 20X4, the city issued $10,000,000 of 6%, 10year term bonds with semiannual interest pauments due on July 1 and January 1 each year. What amount of expenditures would the city recognize in its Debt Service Fund for the Year 20X4 and 20X5, Assuming the city records expenditures for debt when legally due and payable?