City Hall Debt Service Fund Transactions On the advice of the city attorney, a City Hall Debt Service Fund is opened to account for debt service transactions related to the bond issue sold on January 1, 2019 to fund the construction of the new City Hall. Required: a. Open a general journal for the City Hall Debt Service Fund. Record the following transactions, as necessary. Control accounts are not required. (1) The premium from the issuance of the construction bonds was received as a transfer from the capital projects fund. (2) Cash in the amount of $160,000 was received from the General Fund on June 30 and was transferred to the fiscal agent. (3) The fiscal agent reported that checks dated July 1 had been mailed to bondholders for interest due that day. (4) The transfer of the remaining amount of cash in the City Hall Construction Fund was received (see entry 16 of the City Hall Construction Fund). (5) Cash in the amount of $360,000 was received from the General Fund on December 31 and transferred to the fiscal agent to be used for interest and principal payments due on January 1 (next fiscal year). The government elected to not accrue the interest at year-end. (6) $ 200,000 of the remaining cash on hand was invested. b. Post the entries to the City Hall Debt Service Fund general ledger accounts. c. Prepare and post an entry closing all nominal accounts to Fund Balance. Assume any remaining net resources are classified as Fund Balance Assigned for Debt Service. d. Prepare a Balance Sheet for the City Hall Debt Service Fund for the City of Lynbrook as of December 31, 2019. e. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balances for the City Hall Debt Service Fund for the City of Lynbrook for the Year Ended December 31, 2019.