3. [Para. 6-a-3] The July 1, 2020 interest payment was made in the amount of $25,000. (Note: Since you credited ExpenseInterest on LongTerm Debt for $12,500 in 5a3 in the governmental activities general journal you can record the full July 1, 2020, interest payment as a debit to Interest Expense, less amortization of the premium.) Required: Record this transaction in both the Street Improvement Debt Service Fund and the governmental activities general journals. For the entry in the governmental activities journal, assume that the appropriate amount of amortization of the Premium on Deferred Serial Bonds Payable for the period the bonds have been outstanding (April 1 to July 1) is $439. (Note: Although premiums and discounts on bonds issued are not amortized in a debt service fund, they should be amortized at the governmentwide level since the accrual basis of accounting is used at that level.)