5. Four months priorto yearend, 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 rst $24,000 installment will be due from property owners six months afterthe initial bond issuance, but no debt payments are due in the rst year. 5a Debt Service Fund Record the issue of special assessment bonds. 5b Record the current and deferred installment receivable from the local subdivision. 5c Governmental Activities Record the issue of special assessment bonds. 5d Record the current and deferred installment receivable from the local subdivision. 5e Record the interest payable on the special assessment debt