Prepare journal entries for the following related transactions in the fund and activity journals affected: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

6. The park renovations were completed and the final bill of $2,600,000 was received. The contractors bill and retainages are approved for payment in full. Total construction expenditures were allocated as follows: $5,000,000 to building, and the remainder to equipment.

7. The capital projects fund temporary accounts were closed, and the capital projects fund was closed by transferring remaining funds to the debt service fund for use in debt repayment.

Journal entry worksheet Record the final bill received from the contractor in the capital projects fund. Note: Enter debits before credits. Transaction General Journal Debit Credit 6(a) Record entry Clear entry View general journal Journal entry worksheet Record the entry to close nominal accounts in the capital projects fund. Note: Enter debits before credits. Transaction General Journal Debit Credit 7(a) Record entry Clear entry View general journal Journal entry worksheet Record the entry to close the capital projects fund. Note: Enter debits before credits. Transaction General Journal Debit Credit 7(c) Record entry Clear entry View general journal Journal entry worksheet Record the receipt on closure of the capital projects fund in the Debt Service Fund. Note: Enter debits before credits. Transaction General Journal Debit Credit 7(d) Record entry Clear entry View general journal