uppose that the city of Valle Verde, Puerto Rico established a Capital Project Fund to account for the construction of a building to attend Medical Emergencies. / The estimated cost is $ 700,000. The project will be financed through a serial bond issue for $ 600,000, sold for 101. The bonds mature in 6 years and will be paid in equal amounts of $ 100,000 on December 31 of each year. The interest of 8% per year will be paid semester cadastre. July 1 and December 31. In addition, there was a transfer from the General Fund of $ 32,000 and a Grant from the Federal Government of $ 100,000. The premium is transferred to the Debt Service Fund. Prepare the wage entries to record the following transactions: A: Record the bond issue and premium B. transfer the premium to the "Debt Service Fund" C. Record the transfer of the GF D. Record receipt of cash received from GF me. Record the receipt of the Federal Grant F. A contract was issued for the construction of the building for $ 640,000 gram. The project is completed and the "lien" is revoked h. Construction costs increased to $ 650,000 due to additions to the contract. It indicates that 10% will be withheld until the project is fully accepted. I. The CPF paid the sum of $ 595,000 for the contract. j. Prepare the Trial Balance prior to the closing of this Capital Project Fund