(Journal entries for several funds and a trial balance for a Debt Service Fund) Following are several transactions that relate to Irontown in 2004.

1. The general operating budget was approved. It included estimated revenues of $\$ 500,000$, appropriations of $\$ 400,000$, and estimated other financing uses of $\$ 90,000$.

2. Encumbrances of $\$ 50,000$ were recorded in the General Fund.

3. The budget for the Parks Special Revenue Fund was approved. It included estimated revenues of $\$ 60,000$ and appropriations of $\$ 59,000$.

4. The General Fund made its annual contribution of $\$ 100,000$ to a Debt Service Fund.
5. The Debt Service Fund recorded the liability for principal and interest, $\$ 20,000$ and $\$ 40,000$, respectively.
6. The Debt Service Fund invested $\$ 10,000$ of Debt Service Fund cash in securities.
7. The salaries of the general governmental administrative staff were paid, $\$ 15,000$. Assume that salaries were not encumbered.
8. The fiscal agent who manages the investment activities of the Debt Service Fund was paid a fee of $\$ 1,000$.
9. The tax used to partially service the bond issue was levied. The total levy was $\$ 30,000$, of which $\$ 29,000$ is expected to be collected.
10. A cash expenditure for office supplies for the mayor's office was made, $\$ 900$. The encumbered amount was $\$ 1,000$.
11. Debt Service Fund cash of $\$ 60,000$ was paid to the fiscal agent to pay interest and principal.
12. The principal and interest previously recorded were paid by the fiscal agent.
Required: 1. Prepare all the journal entries necessary to record these transactions. In addition, identify the fund(s) in which each entry is recorded.
2. Prepare a trial balance for the Debt Service Fund as of December 31, 2004.