During the fiscal year ended June 30, 20X3, West City Council authorized construction of a new city hall building and the sale of serial bonds to finance the construction. The following transactions related to financing and constructing the city hall occurred during fiscal 20X3: On August 1, 20X2, West issued $5,100,000 of serial bonds for $5,240,000. Interest is payable annually, and the first retirement of $510,000 is due on July 31, 20X7. The premium is transferred to the debt service fund. The old city hall, which had a recorded cost of $660,000, was torn down. The cost of razing the old building was $53,000, net of salvage value. This cost was included in the capital budget but was not encumbered. The cost is vouchered and paid. West signed a contract with Roth Construction Company to build the city hall for $4,560,000. The contract cost is to be encumbered. Construction is to be completed during fiscal 20X4. Roth Construction Company bills West $2,130,000 for construction completed during fiscal 20X3. Ten percent of the billings will be retained until final acceptance of the new city hall. The billing less the retainage had been paid during the fiscal year.

I need help with entry 5 in the image below.....

5 5. Prepare the closing entries for the Capital Projects Fund: 5 Capital Projects Fund Record the closing entry for the expenses and revenues. Other financing sources - bond issue Other financing sources - bond premium Expenditures Other financing uses transfer out to debt service fund Fund balance - unassigned 5,100,000 140,000 2,183,000 140,000 2,917,000 Record the budgetary fund balance encumbrances. Budgetary fund balance - assigned for encumbrances Encumbrances 2,280,000 X 2,280,000 Record the entry to close the unassigned fund balance. Fund balance - unassigned Fund balance - assigned for encumbrances 2,280,000 2,280,000