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Required information [The following information applies to the questions displayed below.] As...

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Accounting

Required information
[The following information applies to the questions displayed below.]
As of December 31,2022, Sandy Beach had $9,500,000 in 3 percent serial bonds outstanding. Cash of $509,000 is
the debt service fund's only asset as of December 31,2022, and there are no liabilities. The serial bonds pay interest
semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date.
Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property
taxes in an amount sufficient to cover principal payments.
Required
a-1. Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following informati
and transactions for FY 2023.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first
account field. Do not round intermediate calculations.)
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