bond anticipation notes

Project Description:

just looking for some guidance if i am on the right track. solution is at the end. thank you.
record the following transactions (both budgetary and actual entries) in the general ledger of a cpf of santiago county. reflect all required accruals.
1. the county issues $3,000,000 of 5%, 9-month bond anticipation notes at midyear to allow it to begin construction of a new library addition. the bond anticipation notes meet the criteria for treatment as long-term liabilities.
2. the county signs a contract for construction of the library addition for $3,000,000.
3. the contractor billed the county $2,000,000 for work completed by the end of the fiscal year.
4. the bonds, which have a par value of $10,000,000, were issued at 101, net of issue costs of $90,000.
5. the bond anticipation notes and interest were paid at maturity.
solution
1. bond note @ 5% 3,150,000
library addition 3,150,000
2. library addition 3,000,000
bond note 3,000,000
3. contractor 2,000,000
cash 2,000,000
4. bonds par value 10,000,000
bonds 101 9,910,000
issue costs 90,000
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