Debt Service Fund Trial Balance. Following is Franklin Countys debt service fund pre-closing trial balance for the fiscal year ended June 30, 2011. FRANKLIN COUNTY Debt Service Fund Pre-closing Trial Balance June 30, 2011 Debits Credits Cash $ 132,000 Fund Balance $ 125,200 Budgetary Fund Balance ? Estimated Other Financing Sources 5,825,000 Estimated Revenue 1,006,500 RevenueSales Taxes 1,001,400 RevenueInvestment Earnings 5,400 Other Financing SourcesInterfund Transfers In 825,000 Other Financing SourcesProceeds of Refunding Bonds 5,000,000 Estimated Other Financing Uses 5,000,000 Appropriations 1,825,000 ExpendituresBond Interest 825,000 ExpendituresBond Principal 1,000,000 Other Financing UsesPayment to Escrow Agent 5,000,000 Required Using information provided by the trial balance, answer the following. a. Assuming the budget was not amended, what was the budgetary journal entry recorded at the beginning of the fiscal year? b. What is the budgetary fund balance? c. Did the debt service fund pay debt obligations related to capital leases? Explain. d. Did the debt service fund perform a debt refunding? Explain. e. Prepare a statement of revenues, expenditures, and changes in fund balance for the debt service fund for the year ended June 30, 2011.