3. On December 31, a mandatory transfer of $385,000 is made from the unrestricted current fund to cover the remainder of the interest due on December 31 on the bond issue. 4. The bond interest due on...

3. On December 31, a mandatory transfer of $385,000 is made from the unrestricted current fund to cover the remainder of the interest due on December 31 on the bond issue.

4. The bond interest due on December 31 is paid.

5. Construction of the complex is completed at an additional cost of $17,000,000. Payment is made for $16,000,000; the balance will be paid in one year under a retained percentage agreement.

6. The cost of the complex is transferred.