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$1.$ The city council of Patin Heights adopted the budget for the Debt Service Fund for $2022.$

The estimated revenues totaled $$1,000,000,$ the estimated other financing sources $($a transfer from the General Fund$)$ totaled $$500,000,$ and the appropriations totaled $$202,000.$

$2.$ The $$500,000$ transfer from the General Fund was recorded although it had not yet been paid to the Debt Service Fund.

$3.$ To provide additional resources to service the bond issue, a property tax was levied upon the citizens. The total levy was $$1,000,000,$ of which $$975,000$ was expected to be collected.

$4.$ Property taxes of $$780,000$ were collected.

$5.$ Property tax receivables of $$5,000$ were written off.

$6.$ Income received in cash from investments totaled $$5,000.$

$7.$ Property taxes of $$150,000$ were collected.

$8.$ The fund liability of $$50,000$ for interest on bonds was recorded, and that amount of cash was transferred to the fiscal agent.

$9.$ Investment revenue of $$3,000$ was received in cash.

$10.$ The fund liabilities for interest on bonds in the amount of $$50,000$ and principal in the amount of $$100,000$ were recorded, and cash for the total amount was transferred to the fiscal agent.

$11.$ The fiscal agent$$s fee of $$1,000$ was accrued $($credit Vouchers payable$).$

$12.$ Investment revenue of $$1,500$ was accrued.

$13.$ The transfer recorded in transaction $2$ was collected.

$14.$ Investments totaling $$1,000,000$ were purchased.

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