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(CO E) Prepare journal entries for the following related transactions in the fund and activity journals affected: (If no entry is required for a transaction/event,

(CO E) Prepare journal entries for the following related transactions in the fund and activity journals affected: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (1) A capital projects fund issued $5,000,000, 4 percent bonds for $5,050,000 to finance improvements of a park. Premiums received are to be used to service the debt issue. (2) The Parks and Recreation Special Revenue Fund transferred $250,000 for use in construction. (3) A construction contract was awarded in the amount of $5,200,000. (4) A bill was received from the contractor for $2,600,000. (5) The contractor's bill is paid, and 5% retainage is withheld. Need ASAP>

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