General Ledger Entries; Statements
The following transactions took place in the town of Burchette during 20X3
1	A bond issue of $12,000,000 was authorized for the construction of a library, and the estimated bond issue proceeds and related appropriations were recorded in the General Ledger accounts of a new Capital Projects Fund.
2	The bonds were sold at a premium of $90,000.
3	The cost of issuing the bonds, $80,000, was paid
4	An order was placed for materials estimated to cost $6,500,000
5	Salaries and wages of $500,000 were paid
6	The premium, net of bond issuance costs, was transferred to a Debt Service Fund
The following transactions took place during 20X4
7	The materials were received; the actual cost was $6,585,000
8	Salaries and wages of $4,010,000 were paid
9	All outstanding bills were paid
10	the project was completed. The accounts were closed, and the remaining balance was transferred to a Debt Service Fund.
REQUIRED:
a	Prepare all journal entries (budgetary and actual), including closing entries, to record the Capital Projects Fund transactions for 20X3 and 20X4
b	Prepare a Capital Projects Fund balance sheet as of December 31, 20X3
c	Prepare a Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balance for the project, including (1) the year ended December 31, 20X3, and (2) a separate budgetary combined comparison statement for the years ended December 31, 20X3 and 20X4