50) In 20X6, Dorian City received $15,000,000 of bond proceeds to be used for capital projects. Of this amount, $3,000,000 was expended in 20X6. Expenditures for the $12,000,000 balance were expected to be incurred in 20X7. These bond proceeds should be recorded in capital projects funds for:

A) $3,000,000 in 20X6 and in the general fund for $12,000,000 in 20X6.

B) $3,000,000 in 20X6 and $12,000,000 in 20X7.

C) $15,000,000 in 20X6.

D) $15,000,000 in 20X7.