(Grant Accounting)

A. Develop journal entries, including adjusting entries when needed, to record the following transactions in a government's Enterprise Fund:

1. Received cash for a grant of $3,000,000, which was restricted to constructing a production facility.
2. Expended half of the grant funds for the construction of the building for which the grant was received.

B. Develop journal entries, including adjusting entries when needed, to record the following transactions affecting a government's Enterprise Fund:

1. Received cash for a grant of $3,000,000, which was restricted to paying the salaries of air-quality monitors.
2. Expended half of the grant funds for the salary payments for which the grant was received.