$[$Para$.5$a$-10]$ The contractor submitted a billing for $$3,000,000.$ This amount was

recorded as a contract payable.

Required: Record this transaction in both the City Hall Annex Construction

Fund and governmental activities general journals.

$[$Para$.5$a$-11]$ The contractor's billing $($see para. $5a-10)$ was paid, less a $5$ percent

retained percentage.

Required: Record this transaction in both the City Hall Annex Construction

Fund and governmental activities general journals.

$[$Para$.5$a$-12]$ All pending vouchers were approved and paid.

Required: Record this transaction in both the City Hall Annex Construction

Fund and governmental activities general journals.

$[$Para$.5$a$-13]$ Furniture and equipment for the annex were ordered at an estimated

total cost of $$375,000.$

Required: Record this transaction in the City Hall Annex Construction Fund. It

has no effect on the governmental activities general journal.

$[$Para$.5$a$-14]$ The contractor completed construction, submitted the final bill, and

requested payment of the balance due. A liability was recorded in the amount of

$$3,300,000.$

Required: Record this transaction in both the City Hall Annex Construction

Fund and governmental activities general journals. The encumbrance account

should be reduced by the remaining $$3,200,000$ construction contract balance.

$[$Para$.5$a$-15]$ After final inspection, a final payment was made to the contractor,

including the amount retained in para. $5a-11.$

Required: Record this transaction in both the City Hall Annex Construction

Fund and governmental activities general journals.

$[$Para$.5$a$-16]$ Furniture and equipment were received $($see para. $5$a$-13)$ at a total

cost of $$375,500.$ Invoices were vouchered for payment.

Required: Record this transaction in both the City Hall Annex Construction

Fund and governmental activities general journals. This amount exceeds the

city's capitalization threshold, so Equipment should be debited.