Only need help with 5,7,9 and b, c

This year Riverside began work on an outdoor amphitheater and concession stand at the city's park. It is to be financed bya $4,900,000 bond issue and supplemented by a $640,000 General Fund transfer. The following transactions occurred during the current year 1. The General Fund transferred $640,000 to the Park Building Capital Projects Fund 2. A contract was signed with Restin Construction Company for the major part of the project on a bid of $4,100,000. 3. Preliminary planning and engineering costs of $83,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.) 4. A payable was recorded for an $25,500 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand. 5. An invoice in the amount of $1,700,000 was received from Restin for progress to date on the project 6. The $4,900,000 bonds were issued at par. 7. The amount billed by the contractor (see Transaction 5) less 5 percent retained was paid. 8. Temporary investments were purchased at a cost of $1,940,000 9. Closing entries were prepared as of year-end. Assume that $3,200,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned. Required a. Prepare journal entries to record the preceding information for the Park Building Capital Projects Fund. (If no entry is required fora transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the reversal of encumbrances for the progress to date on the project and also the construction expenditure for the invoice received. Note: Enter debits before credits. Transaction General Journal Debit 1,700,000 1,700,000 Credit Encumbrances Outstanding Construction Expenditures 1,700,000 Encumbrances Contracts Payable 1,700,000 Journal entry worksheet The amount billed by the contractor (see Transaction 5) less 5 percent retained was paid. Note: Enter debits before credits Transaction General Journal Debit Credit Contracts Payable Contracts Payable-Retained Percentage Cash Journal entry worksheet Closing entries were prepared as of year-end. Assume that $3,200,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. Note: Enter debits before credits Transaction General Journal Debit Credit Other Financing Sources-Interfund Transfers In Other Financing Sources Proceeds of Bonds4,900,000 Fund Balance-Restricted Fund Balance-Assigned Construction Expenditures 3,200,000 RIVERSIDE Park Building Capital Projects Fund Balance Sheet, Year End As of Year End Assets Cash nvestments 1,900,000 $1.900,000 Total Assets Liabilities and Fund Balances Liabilities: ouchers Payable Due to Other Funds $ 83,000 25,500 Contracts Payable-Retained Percentage Total Liabilities 108,500 Fund Balances Fund Balance-Restricted Fund Balance-Assigned $ 3,200,000 Total Fund Balancers 3,200,000 $ 3,308,500 Total Liabilities and Fund Balances C. Prepare a statement of revenues, expenditures, and changes in fund balances for the period. RIVERSIDE Park Building Capital Projects Fund Statement Of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended Expenditures Construction Expenditures Other Financing Sources and Uses: Interfund Transfers In Proceeds of Bonds Sold 4,900,000 4,900,000 Excess of Revenues and Other Sources Over Expenditures Fund Balances, Beginning Fund Balances, Ending 4,900,000 $ 4,900,000