Question: 3. Question 3 Assume a city signed a contract for the construction of City Hall. What entry should be made in the Capital Projects Fund?

3. Question 3 Assume a city signed a contract for the construction of City Hall. What entry should be made in the Capital Projects Fund? Debit Encumbrances 4,500,000, Credit Encumbrances Outstanding 4,500,000 Debit Cash 4,500,000, Credit Encumbrances 4,500,000 Debit Expenditures 4,500,000, Credit Cash 4,500,000 Debit Encumbrances 4,500,000, Credit Cash 4,500,000 1 point

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