The City of Golden Mountain began construction this year on a new fire station. It is financed by a $4,000,000 bond issue and supplemented by $1,000,000 to be transferred from the General Fund. The following transactions occurred during the year.

1. The $1,000,000 transfer was made from the General Fund to the Building Capital Projects Fund.
2. The City signed a contract with Fixit All Construction for a major part of the project on a bid of $3,700,000.
3. Preliminary planning and engineering costs of $88,000 were vouchered for Tall Mountain Engineering Company. This cost had not been encumbered.
4. A payable of $23,500 was recorded for a billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new building.
5. An invoice in the amount of $1,400,000 was received from Fixit All Construction for progress on the project.
6. The $4,000,000 bond issue was issued at par.
7. The invoice from Fixit All Construction was paid, less a 10% retainage.

Required: Prepare journal entries to record the preceding information in the general ledger for the Building Capital Projects Fund.