Suppose the city of Valle Verde, Puerto Rico established a Capital Project Fund to account for the construction of a building to address Medical Emergencies./ The estimated cost is $ 700,000. The project will be financed through a serial bond issue for $ 600,000, sold at 101. The bonds mature in 6 years and will be paid in equal amounts of $ 100,000 on December 31 of each year. The interest of 8% per year will be paid each semester. July 1 and December 31. In addition, you will receive a transfer from the General Fund of $ 32,000 and a Federal Government Grant of $ 100,000. The premium is transferred to the Debt Service Fund. Prepare the wage entries to record the following transactions: A: Record the bond issue and premium b. transfer the premium to the "Debt Service Fund" c. Record the transfer of the GF d. Record receipt of cash received from GF and. Record the receipt of the Federal Grant F. A contract was issued for the construction of the building for $ 640,000 g. The project is completed and the "encumbrance" is revoked. h. Construction costs increased to $ 650,000 due to additions to the contract. It indicates that 10% will be withheld until the project is fully accepted. i. The CPF paid the sum of $ 595,000 for the contract. j. Prepare the Pre-Closing Trial Balance of this Capital Project Fund