The Town of Hyde Park, OH signed a contract for street improvements to be performed by a private contractor in the amount of $2,205,600, during FY 2017. Assume all transactions occur in FY 2017.

1. Journalize in the Capital Projects Fund, the contract agreement:

2. The contractor submitted a billing requesting 12 payment for work completed. Journalize the necessary entry(ies) in the Capital Projects Fund:

3. The Town issued $ 1,000,000 bonds at 102. Journalize the entry in the Capital Projects Fund: