The following transactions occurred for a county in Minnesota.

a. On January 4, 2021, the county authorized a $5 million 2% bond issue for the construction of a recreation center.

b. On June 1, the bonds were issued at 100.5, and the additional amount received was transferred to the debt service fund.

c. The renovation occurred in the fall of 2021, at a cost of $5 million.

d. On September 30, the general fund transferred to the debt service fund the total amount necessary for payment of semiannual interest on the bonds.

e. On December 1, the debt service fund paid the semiannual interest on the bonds.

Using the attached T-account template, record all necessary entries to record the above information in the:

• Capital projects fund.

Include budget and closing entries.

• General fund. • Debt service fund.