j. Through December 10, 2018, the city had invested excess cash (from the bond offering) in short-term certificates of deposit. The amount collected on these investments totaled $12,000.
1. Prepare the journal entries in all fund/account groups.
2. Prepare any appropriate year-end adjusting and closing entries for the capital projects fund and the general fixed assets account group.
3. Prepare a statement of revenues, expenditures, and changes in fund balance for 2018 for the capital projects fund.
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