5. [Para. 6-a-5] To permit payment of the $25,000 interest payment due on January 1, 2021, the Street Improvement Bond Debt Service Fund received $17,500 from the General Fund. That amount together with available cash balance in the debt service fund will be sufficient to cover the January 1, 2021, interest payment. Required: Record the interfund transfer in the debt service fund journal only. This transaction was previously recorded in the General Fund in Chapter 4 of this problem. The transaction has no effect at the government-wide level since it occurs between two governmental funds. 6. Verify the accuracy of journal entries, including dates and paragraph numbers, and, if you have not already done so, post all entries to the general ledger of both the Street Improvement Bond Debt Service Fund and governmental activities by clicking on [Post entries). Make the entries needed to close the budgetary and operating statement accounts at the end of fiscal year 2020. Budgetary and operating statement accounts should be closed to Budgetary Fund Balance and Fund Balance-Restricted, as appropriate. Make this entry only in the Street Improvement Bond Debt Service Fund journal. Be sure that for each account being closed that the check mark for (Closing Entry is selected. The "Closing Entry" appears next to the (Add credit) field. (Note: Closing entries for governmental activities at the government-wide level will be made in Chapter 9 of this cumulative problem.)