accounting and non profit entities

construction of the libraly 4. A construction contract was awarded in 5. The library was completed on June 1, 2017, four months ahead of sche he amUUT 1 Total construction expenditures for the library amounted to $6,890,000 wue the project was completed, the cost of the library was allocated as foll $200,000 to land, $6,295,000 to building, and the remainder to equipment. 6. The capital projects fund temporary accounts were closed to Fund Balance-Restricted. The resources are restricted because they were obtained from bonded debt issued exclusively for library construction. The capital projects fund was closed by transferring remaining funds to the deb service fund for use in library construction debt repayment. 9 Required Make all necessary entries in the capital projects fund general journal and the vernmental activities general journal at the government-wide level. s in the capital projects fund general journal and the 22 Statement of Revenues, Expenditures, and Changes in Fund Balances. The pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided on the next page