(10 points). The Village of Teton issued $5,000,000 in 4.5% general obligation, tax supported bonds, on July 1, 20X3 at 101. The Village does not use a fiscal agent for the payment of principal and interest. Resources for principal and interest payments are to come from the General Fund, in amounts exactly equal to the required payments. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made on June 30, 20X4. Teton has a calendar year as the fiscal year. The attached transactions occurred for the fiscal years ending December 31, 20X3 and 20X4. REQUIRED: Using the attached forms, prepare, in proper general journal form, the entries that would be required to record all transactions for the Village of Teton Debt Service Fund for the fiscal years ending December 31, 20X3 and 20X4. Omit explanations. Provide the appropriate date for each entry made. VILLAGE OF TETON TRANSACTIONS FOR VILLAGE OF TETON DEBT SERVICE FUND FOR FISCAL YEARS ENDING DECEMBER 31, 20X3 AND 20X4 (a) The bonds were issued. A capital projects fund transferred $50,000 to the debt service fund, to be used for the first principal payment. (b) On December 31, 20X3, funds in the amount of $150,000 were received from the General Fund and the first interest payment was made. (c) On December 31, 20X3, the books were closed. (d) On June 30, 20X4, funds in the amount of $350,000 were received from the General Fund, and the second interest payment and the first principal payment were made. (e) On December 31, 20X4, funds in the amount of $142,500 were received from the General Fund, and the interest payment was made. (f) On December 31, 20X4, the books were closed