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P8-3 (General Ledger Entries and Statements) Hatcher Village, which operates on the calendar year, issued a 5-year, 8%, $100,000 note to the Bank of Hatcher on January 5, 20X4. The proceeds of the note were recorded in a Capital Projects Fund. Interest and one-tenth (1/10) of the principal are due semiannually, on January 5 and July 5, beginning July 5, 20X4. A DSF has been estab- lished to service this debt; financing will come from General Fund transfers and a small debt service tax approved several years ago. The net assets of the fund at year end are not restricted or committed. Prepare the general journal entries (budgetary and actual) needed to record the following transactions and events. a. P8-3 (General Ledger Entries and Statements) Hatcher Village, which operates on the calendar year, issued a 5-year, 8%, $100,000 note to the Bank of Hatcher on January 5, 20X4. The proceeds of the note were recorded in a Capital Projects Fund. Interest and one-tenth (1/10) of the principal are due semiannually, on January 5 and July 5, beginning July 5, 20X4. A DSF has been estab- lished to service this debt; financing will come from General Fund transfers and a small debt service tax approved several years ago. The net assets of the fund at year end are not restricted or committed. Prepare the general journal entries (budgetary and actual) needed to record the following transactions and events. a

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