8 Administrative expenses amounted to $16,500, paid in cash. Prepare the journal entry to record the cash payment. 9 The first interest payment was made to the First National Bank. Prepare the journal entry to record the cash payment. 10 The short-term loan was repaid to the Water Utility Fund. Prepare the journal entry to record the cash payment. Depreciation of $24,500 for the pool and $6,000 on the building was recorded for the 9 months they were in operation. Prepare the journal entry to record \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ CITY OF SANDWICH } \\ \hline \multicolumn{2}{|c|}{ SWIMMING POOL FUND } \\ \hline \multicolumn{2}{|c|}{ YEAR ENDED DECEMBER 31, 2020 } \\ \hline REVENUES & \\ \hline TOTAL REVENUES & \\ \hline OPERATING EXPENSES & \\ \hline & \\ \hline \hline & \\ \hline TOTAL OPERATING EXPENSES & \\ \hline & \\ \hline NON-OPERATING EXPENSES: & \\ \hline \hline & \\ \hline \hline \end{tabular} Swimming Pool Fund St of Net Position 8 Administrative expenses amounted to $16,500, paid in cash. Prepare the journal entry to record the cash payment. 9 The first interest payment was made to the First National Bank. Prepare the journal entry to record the cash payment. 10 The short-term loan was repaid to the Water Utility Fund. Prepare the journal entry to record the cash payment. Depreciation of $24,500 for the pool and $6,000 on the building was recorded for the 9 months they were in operation. Prepare the journal entry to record \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ CITY OF SANDWICH } \\ \hline \multicolumn{2}{|c|}{ SWIMMING POOL FUND } \\ \hline \multicolumn{2}{|c|}{ YEAR ENDED DECEMBER 31, 2020 } \\ \hline REVENUES & \\ \hline TOTAL REVENUES & \\ \hline OPERATING EXPENSES & \\ \hline & \\ \hline \hline & \\ \hline TOTAL OPERATING EXPENSES & \\ \hline & \\ \hline NON-OPERATING EXPENSES: & \\ \hline \hline & \\ \hline \hline \end{tabular} Swimming Pool Fund St of Net Position