Prepare journal entries for fiscal year ended June 30, 2020 to record the following information in the Capital Projects fund and for Governmental Activities at Government Wide for the City of McNeely.

No closing entry is required. If no entry is required for either CPF or GW, please indicate "no entry needed".

a) The city sold bonds in the amount of $1,000,000 to finance the construction of a public health center. The bonds are serial bonds and were sold at par on July 1, 2019 the first day of the fiscal year.

CPF:

GW:

b) A construction contract in the amount of $950,000 was signed and the contractor commenced work.

CPF:

GW:

c) The city paid for additional work performed on the building by city employees for $35,000. These amounts were not encumbered.

CPF:

GW:

d) The contractor sent a $955,000 final bill for the job. The liability was recorded less a 4% retainage.

CPF:

GW:

e) The building was completed and the building was recorded on the books. Depreciation of $24,000 was recorded.

CPF:

GW:

f) The contractor was paid for the liability established in entry d. The retained percentage was not paid.

CPF:

GW: