Shown below are are transactions for the Armstrong County County Office Construction Fund, established to account for a project which is expected to take less than one year to complete. Please record the transactions below in the funds and account groups shown below that are affected by the transaction.

$1.$ July $1,$ bonds were sold at par in the amount of $$6,000,000$ for the project.

$2.$ On July $5,$ a contract was signed with Cardinal Construction in the amount of $$5,800,000.$ The amount was encumbered.

$3.$ On December $30,$ a progress bill was received from Cardinal in the amount of $$4,900,000.$ The bill was paid, except for a $5$ percent retained upon final inspection.

$4.$ On June $1,$ a final bill was received in the amount of $$900,000$ from Cardinal, which was paid, except for $5$ percent retained upon final inspection.

$5.$ Armstrong County officials met with Cardinal Construction, and they inspected Cardinal's work. Defects in Cardinal's work were found, and repairs to fix the defects totaled $$250,000.$ Cardinal Construction filed for bankruptcy and moved out of state. As a result, Armstrong County paid Coop Construction to fix the defects, cash was paid to Coop Construction.

$6.$ After all of the above transactions, $$240,000$ cash reamins in the Capital Projects Fund. This amount was transferred to the debt service fund, this is a permanent transfer.