This year Riverside began work on an outdoor amphitheater and concession stand at the city's park. It is to be financed by a $$3,500,000$ bond issue and supplemented by a $$500,000$ General Fund transfer. The following transactions occurred during the current year. Prepare the journal entries to record the transactions $(10$ pts$)\mathrm{.}1.$ The General Fund transferred $$500,000$ to the Park Building Capital Projects Fund$\mathrm{.}2.$ A contract was signed with Restin Construction Company for the major part of the project on a bid of $$2,700,000\mathrm{.}3.$ Preliminary planning and engineering costs of $$69,000$ were vouchered for the Great Pacific Engineering Company. $($This cost had not been encumbered.$)4.$ A payable was recorded for an $$18,500$ billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand$\mathrm{.}5.$ An invoice in the amount of $$1,000,000$ was received from Restin for progress to date on the project$\mathrm{.}6.$ The $$3,500,000$ bonds were issued at par$\mathrm{.}7.$ The amount billed by the contractor $($see Transaction $5)$ less $5$ percent retainage was paid$\mathrm{.}8.$ Temporary investments were purchased at a cost of $$1,800,000\mathrm{.}9.$ Closing entries were prepared as of year$-$end. Assume that $$2,500,000$ of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned.