In 20X4,Menton City Received $5,000,000 of Bond Proceeds to Be

In 20X4,Menton City received $5,000,000 of bond proceeds to be used for capital projects.Of this amount,$1,000,000 was expended in 20X4.Expenditures for the $4,000,000 balance were expected to be incurred in 20X5.These bond proceeds should be recorded in capital projects funds for:

A) $5,000,000 in 20X4.
B) $5,000,000 in 20X5.
C) $1,000,000 in 20X4 and $4,000,000 in 20X5.
D) $1,000,000 in 20X4 and in the general fund for $4,000,000 in 20X4.