The City of Waterman established a capital projects fund for the construction of an access ramp from the parking garage to the city's office building to be used by individuals with disabilities. The estimated cost of the ramp is $226,000. On January 1, 20X2, a 9 percent, $155,000 bond issue was sold at 104 with the premium transferred to the debt service fund. At that date, the county board provided a $71,000 grant. After a period of negotiation, the city council awarded a construction contract for $186,000 on April 5, 20X2. The ramp was completed on August 8, 20X2; Its actual cost was $195,000. The city council approved payment of the total actual cost of $195,000. In addition to the $195,000, the ramp was carpeted with all-weather material at a cost of $15,500. On November 3, 20X2. the city council gave the final approval to pay for the ramp and the carpeting. After all bills were paid, the remaining fund balance was transferred to the debt service fund. Required: a. Prepare entries for the capital projects fund for 20X2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet < 2 3 4 5 6 7 8 12 Record the receipt of the grant from the county. Note: Enter debits before credits. Date Jan 01 General Journal Debit Credit 1 2 3 4 5 6 7 8 12 > Record the sale of $155,000 bonds at 104 on 20X2. Note: Enter debits before credits. Date Jan 01 General Journal Debit Credit Journal entry worksheet < 1 1 2 3 4 5 6 7 8 12 Record the transfer premium to the debt service fund. Note: Enter debits before credits. Date Nov 03 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Record the entry for the construction contract awarded. Note: Enter debits before credits. Date Apr 05 12 12 > General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 Record the entry to assign funds to the contract. Note: Enter debits before credits. Date Aug 08 7 8 12 12 General Journal Debit Credit < 1 2 3 4 5 6 7 8 12 Record the entry to establish the contract payable for the walkway. Note: Enter debits before credits. Date Aug 08 General Journal Debit Credit Journal entry worksheet > 1 2 3 4 5 6 7 8 ... 12 > Record the entry to establish vouchers payable for the added carpeting. Note: Enter debits before credits. Date Aug 08 General Journal Debit Credit Revenue: CITY OF WATERMAN Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For Fiscal Year Ended December 31, 20X2 Expenditures: Other Financing Sources (Uses): Total Other Financing Sources (Uses) Fund Balance, January 1, 20X2 Fund Balance, December 31, 20X2 $ 0 $ 0 0 A 0