Prepare all the entries required in the Jail Addition Capital Projects Fund for Franklin County for the following transactions and events. No explanations are required. If no entry is required, state $$No entry required$$ and state why. Assume that the bond anticipation notes meet the criteria for being treated as long$-$term debt. June $30$ is the fiscal year$-$end for Franklin County. All amounts are in thousands of dollars.

Transactions

The county issued $$2,500$ of $8-$month, $9\%$ bond anticipation notes on August $1,20$X$3.$ The proceeds are to be used to begin construction of a recently approved addition to the county jail.

On July $10,$ the county signed a contract for $$5,000,000$ for construction of the addition.

On November $30,$ the contractor billed the county for $40\%$ of the work on the jail addition. The actual cost of the work was $$2,200.$ The county paid all but $10\%$ of the amount billed. The balance is to be paid upon completion and approval of the project.

The county issued $$5,000$ of $10-$year, $8\%$ bonds at par on March $31,20$X$4.$ Bond issue costs of $$50$ were withheld from the proceeds. Interest and one$-$tenth of the principal are payable annually on the bonds. The bond proceeds are to be used to repay the bond anticipation notes and to finance construction of the jail addition.

On March $31,$ the county transferred $$200$ from the General Fund to the Jail Addition Capital Projects Fund to provide additional funding for the project. The BANs and interest also were paid on that date.

In May, the contractor billed the county $$2,800$ for the remainder of the work on the jail. The county approved the facility and paid the contractor all amounts owed.