(a)The tax levy for the General Fund included $650,000 to be transferred to the Debt Service Fund. $400,000 of this amount is designated for eventual retirement of outstanding serial bonds. The remainder is to be expended for interest on long term debt. The transfer was made as planned, and $300,000 of the principal plus all of the interst was paid.

b)A $5,000,000 issue of serial bonds to finance a capital project was sold at 102, plus accrued interest in the amount of $50,000. The accrued interest was recorded as revenues of the Debt Service Fund and the premium was recorded as an Other Financing Source. Accrued interest on bonds sold must be used for interest payments. Premium is designated by state law for eventual payment of bond principal.

(c)A summary of DEBT Service Fund operations during the year showed receipt of interest on investments in the amount of $180,000. this amount is to be used for payment of interest on long term debt.

(d)$2,800,000 par value of tax suppored serial bonds were issued in partial refunding of a $3,500,000 par value issue of term bonds. The difference was settled with $700,000 that had been accumulated in prior years in a Debt Service Fund.

REQUIRED:Prepare, in general journal form, the necessary entry(ies) to be made in the government wide accounts to record the general long term liabilities for the above transsctions. Use the number of the transaction as the date. Omit explanations.