Part C (1) Chapter 6 Journal entries for Capital Projects Fund transactions At the start of 2019, Croton's Capital Projects Fund had no assets or liabilities. Prepare appropriate journal en- general tries to record these transactions in the Capital Projects Fund. (We suggest you post the journal entries to ledger T-accounts.) Croton undertook construction of alnew police station, designed to house both the Croton police and the d to serve as a detention center. To finance construction, Croton received a cash grant of m the county as an advance pending incurrence of expenditures. It also sold $2,000 of 20-year bonds. The bonds, sold April 1, 2019, were to be redeemed in equal semiannual install- ments of principal, with interest on the unpaid balance at the rate of 5 percent per annum, starting October 1. county sheriff an 1, 2019. for construction ($2.800). $2.800. The invoice was paid, except that 5 percent was withheld, pending completion of inspection. was paid in full, and the contractor was paid the balance due. 2. Croton awarded two contracts, one for architectural and construction supervision services ($200) and one 3. The construction contract was completed in a timely manner, and the contractor submitted an invoice for 4. All construction and construction supervision work was completed. The construction architect/supervisor Part C (2 Cho