The citizens of Spencer County approved the issuance of $$2,000,000$ in $6$ percent general obligation bonds to finance the

construction of a courthouse annex. A capital projects fund was established for that purpose. The preclosing trial balance of the

courthouse annex capital project fund follows:

Required:

a$.$ Prepare any closing entries necessary at year$-$end.

b$.$ Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the courthouse annex capital project fund.

c$.$ Prepare a Balance Sheet for the courthouse annex capital project fund, assuming all unexpended resources are restricted to

construction of the courthouse annex.

Complete this question by entering your answers in the tabs below.

Prepare any closing entries necessary at year$-$end. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in

the first account field.$)$

Journal entry worksheet

Record the closing entry to transfer revenue and expenditure to fund balance.

Note: Enter debits before credits.