A contractor sends a progress billing report to a city requesting payment of $10 million for work done to date on a new fire station. The city retains 10 percent of the payment to the contractor until the fire station is completed and construction is inspected and approved. Which account and amount is debited to record the progress billing in a Capital Projects Fund?

Select one:

a. Expenditures--construction cost is debited for $10 million.

b. Construction in progress is debited for $9 million.

c. Construction in progress is debited for $10 million.

d. Expenditures--construction cost is debited for $9 million.