As of December 31, 2019, Westport had $9,500,000 in 4.5 percent serial bonds outstanding. The serial bonds pay interest semiannually on July 1 and December 31, with $500,000 in bonds being retired on each interest payment date. Resources for payment of principal and interest are transferred from the General Fund. Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactions for FY 2020. (1) The operating budget for FY 2020 consists of other financing sources (transfers from the General Fund) equal to estimated principal and interest payments. Appropriations also must be provided for interest payments and bond redemptions on July 1 and December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) (2) Cash was received from the General Fund and checks were written and mailed for the July 1 principal and interest payments. View transaction list 1 Record the budgetary entry in the debt service fund for the year. 2 Record in the debt service fund the transfer of resources for payment of principal and interest from the General Fund on 7/1. 3 Record the payment of interest and principal on bonds in the Debt Service Fund on 7/1. Credit 4 Record the payment of interest and principal on bonds at the government wide level on 7/1