The capital project fund had just been created to account for resources received and expended for the construction of a new health center. Funding for the health center is being provided by a $5,000,000 general obligation bond sale, a direct transfer from the general fund and a federal grant. The grant terms provided that the federal government will pay only up to 20% of all project expenditures incurred, unused funds must be returned at the completion of the project. Required elements Journalize the requested transactions for the capital project fund, debt service fund, general fund. Prepare closing entries for the capital projects fund. Provide the missing values for the capital projects and debt service funds financial statement. adopted project budget 3000000 general fund operating budget 5000000 general obligation bonds, 2000000 estimated federal grant, 10000000 appropriations record the adoption of the capital project fund budget