please answer problem Exercise 7-3

d. other financing sources and use. construction in progress only in the Capital Projects Fund financial statements. financial statements. capitalized and depreciable capital assets only in the Capital Projects Fund financial il. As capital assets are acquired or constructed in a Capital Projects Fund, they are reported as a. t construction inprogress in both the Capital Projects Fund and the government-wide c construction in progress only in the government-wide financial statements. statements Townstineral Ledger Entries) The following transactions and events occurred in Lanesburg lownship during 20X7: e township assembly agreed that a new police and fire department building would be istructed at a cost not to exceed $1,500,000, on land owned by the township