Record both budgetary and actual journal entries for the capital projects fund of Everett County. Record all appropriate accruals. No closing entries are required. Assume a fiscal year end of December 31. 20x7 1. The county issues $5,000,000 of 5%, 9 month bond anticipation notes on July 1, 20x7, to allow the county to begin immediate construction on a new state of the art recreational baseball complex for area youth. The bond anticipation notes are issued in relation to the upcoming bond issue that has been approved by votes to fund the baseball complex. The bonds are legally authorized and definitely issuable. All legal steps have been taken to refinance the BAN, and the county will refinance the BAN on a long-term basis. 2. The county receives a federal grant of $500,000 to fund the construction of a playground to accommodate children with special needs. 3. The county signs a construction contract with KC Enterprises for the construction of the complex. The contract specifies that construction costs will not exceed $5,025,000. 4. The county orders playground equipment in the amount of $420,000. 5. KC Enterprises bills the county $3,200,000 for work completed by the end of fiscal year 20x7. The county paid the amount billed less a 4% retainage to be remitted upon completion of the complex.