Prepare entries to record the following transactions related to the construction of a new justice center Gail) by Mud Flats County. accounting. Make all required entries for the Capital Projects Fund only The County adopts a formal budget and uses encumbrance A. The County adopts a capital budget at the beginning of the year. To finance construc tion, y will transfer $6 million from its General Fund and apply for a federal grant of tion of the building and $500,000 for S6 million. It appropriates $11.5 million for construct furniture and equipment. Record the budget. B. The General Fund transfers $3 million to the Capital Projects Fund. C. The federal government approves the $6 million construction grant and sends a check to the County. Record this revenue. D. The County invests $7,500,000 in investments. E. The County awards a construction contract in the amount of $10 million and encumbers the funds. A 10% retainer has been agreed upon by both parties. F. The contractor sends a progress billing to the County in the amount of $4.8 million. The bill is approved by the engineers and a voucher is prepared. G. Investments totaling $4,700,000 are redeemed along with $100,000 of interest. H. The liability in Transaction F is paid, less the retainage. I. A second progress billing is submitted, $2,500,000. The bill is approved and a voucher is prepared