5. Four months prior to year-end, 8 percent special assessment bonds totaling $450,000 were issued to fund a streetlight improvement project in a local subdivision. The bonds are secondarily backed by the village. The first $24,000 installment will be due from property owners six months after the initial bond issuance, but no debt payments are due in the first year. Debt Service Fund Record the issue of special assessment bonds. 5a Cash 450,000 Other Financing SourcesProceeds of Special Assessment Bonds 450,000 5b Record the current and deferred installment receivable from the local subdivision. Assessments ReceivableCurrent 24,000 Assessments ReceivableUnavailable 426,000 Revenues 24,000 Deferred Inflow of ResourcesUnavailable Revenues 426,000 5c Governmental Activities Record the issue of special assessment bonds. Cash 450,000 Expenses-Interest on Special Assessment debt 450,000 5d Record the current and deferred installment receivable from the local subdivision. Assessments Receivable Current 24,000 426,000 Assessments ReceivableUnavailable Program RevenuesGeneral Government Deferred Inflow of ResourcesUnavailable Revenues 24,000 426,000 5e Record the interest payable on the special assessment debt. Expenses-Interest on Special Assessment debt Interest Payable 11,880 11,880 6. A $7,200,000 issue of construction bonds were sold at par by the capital projects fund. Debt issuance costs included administrative fees of $64,800 and prepaid insurance costs of $7,200. Capital Projects Fund Record the issue of construction bonds. 6b Record the debt issuance costs. 6c Governmental Activities Record the issue of construction bonds. 6d Record the debt issuance costs