Beachfront property owners of the Town of Eden Beach requested a seawall be constructed to protect their beach. The seawall was financed through a note payable, which was to be repaid from taxes raised through a special assessment on their properties. The Town guarantees the debt and accounts for the special assessment through a debt service fund. Assume the special assessments were levied in 2019, recording a special assessment tax receivable and deferred inflow in the amount of $463,500. One-third of the assessment is to be collected each year and used to pay the interest and principal on the note. Record the following transactions that occurred in 2020 : 1. June 30,$154,500 of the assessments became due and currently receivable. (Hint: The special assessment tax is recorded as revenue in the debt service fund when it becomes due.) 2. July 31 , the $154,500 was collected. 3. September 30, interest of $23,175 and principal of $131,325 were paid. 4. December 31 , the books were closed. (If no entry Is requlred for a transactlon/event, select "No Journal Entry Requlred" In the flrst account fleld.) Journal entry worksheet June 30,$154,500 of the assessments became due and currently receivable. (Hint: The special assessment tax is recorded as revenue in the debt service fund when it becomes due.) Note: Enter debits before credits