Account 1. Estimated revenues-federal grant Estimated revenues-investment earnings Estimated other financing sources Appropriations Budgetary fund balance...

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Account 1. Estimated revenues-federal grant Estimated revenues-investment earnings Estimated other financing sources Appropriations Budgetary fund balance Debit 31,250,000 5,000,000 Credit 0 0 125,000,000 0 0 150,000,000 0 11,250,000 To record the budget Encumbrances-capital project Budgetary fund balance reserved for encumbrances To record encumbrances 150,000,000 0 0 150,000,000 2. Cash 112,500,000 0 Other financing use-bond issue discount 12,500,000 0 Other financing sources--long-term debt issued 0 125,000,000 To record bond issuance 3. Cash 31,250,000 0 Advance on construction grant 0 31,250,000 To record grant received 4. 112,500,000 0 0 112,500,000 5. Investments Cash To record investment purchase Budgetary fund balance reserved for encumbrances Encumbrances-capital project To reverse encumbrances Expenditures-architect fees Vouchers payable To record payable Vouchers payable Cash To pay vouchers payable 56,250 0 0 56,250 56,250 0 0 56,250 56,250 0 0 56,250 6. Budgetary fund balance reserved for encumbrances 31,250,000 0 Encumbrances-capital project 0 31,250,000 To reverse encumbrances Expenditures-construction costs Construction contracts payable Retainage payable To record payable Advance on construction grant Revenues-federal grant 31,250,000 0 0 29,687,500 0 1,562,500 31,250,000 0 0 31,250,000 To apply federal grant proceeds 7. Cash 6,275,000 0 Investments Revenues-interest To record investment redemption 0 6,250,000 0 25,000 8. Cash Revenues-interest To record interest received Construction contracts payable 9. Cash To record payment 10. Budgetary fund balance reserved for encumbrances Encumbrances-capital project To reverse encumbrances Expenditures-construction costs Construction contracts payable Retainage payable To record payable 4,375,000 0 0 4,375,000 29,687,500 0 0 29,687,500 31,250,000 0 0 31,250,000 31,250,000 0 0 29,687,500 0 1,562,500 0 0 29,687,500 12. Construction contracts payable 13. Cash To record payment Interest receivable Revenues-interest To accrue interest income 29,687,500 312,500 14. No entry required - debit No entry required - credit 0 0 312,500 0 0 0 0 Cash Investments Interest receivable (b) City of Spainville Capital Projects Fund City Hall Fund Trial Balance June 30, 2022 Retainage payable Other financing source--long term debt issued Other financing use--bond issue discount Revenues-federal grant Revenues-interest Expenditures-architect fees Expenditures-construction costs Estimated revenues-federal grant Estimated revenues-investment earnings Estimated other financing sources Appropriations Encumbrances-capital project Budgetary fund balance Budgetary fund balance reserved for encumbrances Debits Credits $ 0 0 0 312500 0 $ 0 0 125000000 12500000 0 0 31250000 0 0 56250 0 0 0 31250000 5000000 0 125000000 0 0 150000000 0 0 11250000 0 0 $ 0 $ 0 Prepare a trial balance for the fund as of June 30, 2022, before closing. Account 1. Estimated revenues-federal grant Estimated revenues-investment earnings Estimated other financing sources Appropriations Budgetary fund balance Debit 31,250,000 5,000,000 Credit 0 0 125,000,000 0 0 150,000,000 0 11,250,000 To record the budget Encumbrances-capital project Budgetary fund balance reserved for encumbrances To record encumbrances 150,000,000 0 0 150,000,000 2. Cash 112,500,000 0 Other financing use-bond issue discount 12,500,000 0 Other financing sources--long-term debt issued 0 125,000,000 To record bond issuance 3. Cash 31,250,000 0 Advance on construction grant 0 31,250,000 To record grant received 4. 112,500,000 0 0 112,500,000 5. Investments Cash To record investment purchase Budgetary fund balance reserved for encumbrances Encumbrances-capital project To reverse encumbrances Expenditures-architect fees Vouchers payable To record payable Vouchers payable Cash To pay vouchers payable 56,250 0 0 56,250 56,250 0 0 56,250 56,250 0 0 56,250 6. Budgetary fund balance reserved for encumbrances 31,250,000 0 Encumbrances-capital project 0 31,250,000 To reverse encumbrances Expenditures-construction costs Construction contracts payable Retainage payable To record payable Advance on construction grant Revenues-federal grant 31,250,000 0 0 29,687,500 0 1,562,500 31,250,000 0 0 31,250,000 To apply federal grant proceeds 7. Cash 6,275,000 0 Investments Revenues-interest To record investment redemption 0 6,250,000 0 25,000 8. Cash Revenues-interest To record interest received Construction contracts payable 9. Cash To record payment 10. Budgetary fund balance reserved for encumbrances Encumbrances-capital project To reverse encumbrances Expenditures-construction costs Construction contracts payable Retainage payable To record payable 4,375,000 0 0 4,375,000 29,687,500 0 0 29,687,500 31,250,000 0 0 31,250,000 31,250,000 0 0 29,687,500 0 1,562,500 0 0 29,687,500 12. Construction contracts payable 13. Cash To record payment Interest receivable Revenues-interest To accrue interest income 29,687,500 312,500 14. No entry required - debit No entry required - credit 0 0 312,500 0 0 0 0 Cash Investments Interest receivable (b) City of Spainville Capital Projects Fund City Hall Fund Trial Balance June 30, 2022 Retainage payable Other financing source--long term debt issued Other financing use--bond issue discount Revenues-federal grant Revenues-interest Expenditures-architect fees Expenditures-construction costs Estimated revenues-federal grant Estimated revenues-investment earnings Estimated other financing sources Appropriations Encumbrances-capital project Budgetary fund balance Budgetary fund balance reserved for encumbrances Debits Credits $ 0 0 0 312500 0 $ 0 0 125000000 12500000 0 0 31250000 0 0 56250 0 0 0 31250000 5000000 0 125000000 0 0 150000000 0 0 11250000 0 0 $ 0 $ 0 Prepare a trial balance for the fund as of June 30, 2022, before closing.