Following are a trial balance and the transactions that relate to the City of Patin Heights$$ Debt Service Fund:

CITY OF PATIN HEIGHTS

Debt Service Fund

T

rial Balance

December $31,2021$

Debits Credits

Cash $$60,000\mathrm{.}00$

Investments $30,000\mathrm{.}00$

Restricted fund balance $$90,000\mathrm{.}00$

$$90,000\mathrm{.}00$ $$90,000\mathrm{.}00$

$1.$ The city council of Patin Heights adopted the budget for the Debt Service Fund for $2022.$ The estimated revenues totaled $$1,200,000,$ the estimated other financing sources $($a transfer from the General Fund$)$ totaled $$600,000,$ and the appropriations totaled $$242,400.$

$2.$ The $$600,000$ transfer from the General Fund was recorded although it had not yet been paid to the Debt Service Fund.

$3.$ To provide additional resources to service the bond issue, a property tax was levied upon the citizens. The total levy was $$1,200,000,$ of which $$1,170,000$ was expected to be collected.

$4.$ Property taxes of $$936,000$ were collected.

$5.$ Property tax receivables of $$6,000$ were written off.

$6.$ Income received in cash from investments totaled $$6,000.$

$7.$ Property taxes of $$180,000$ were collected.

$8.$ The fund liability of $$60,000$ for interest on bonds was recorded, and that amount of cash was transferred to the fiscal agent.

$9.$ Investment revenue of $$3,600$ was received in cash.

$10.$ The fund liabilities for interest on bonds in the amount of $$60,000$ and principal in the amount of $$120,000$ were recorded, and cash for the total amount was transferred to the fiscal agent.

$11.$ The fiscal agent$$s fee of $$1,200$ was accrued $($credit Vouchers payable$).$

$12.$ Investment revenue of $$1,800$ was accrued.

$13.$ The transfer recorded in transaction $2$ was collected.

$14.$ Investments totaling $$1,200,000$ were purchased.

Use the preceding information to do the following:

a$.$ Prepare all the journal entries necessary to record these transactions for the Debt Service Fund

$\backslash$table$[[,$Account,,Debit,Credit$],[1.,$Estimated revenues,$,0,0],[$Estimated other financing sources,$,0,0],[$Appropriations$,,0,0],[$Budgetary fund balance,$v,0,0],[$To record the budget,,,$],[2.,$Cash,$,0,0],[$Transfer in from General Fund,$,0,0],[$To record transfer,,,$],[3.,$Property taxes receivable,$,0,0],[$Allowance for uncollectible property taxes,$,0,0],[$Revenues$-$property taxes,$,0,0],[$To record property tax levy.,,,$],[4.,$Cash,$,0,0],[$Property taxes receivable,$,0,0],[$To record receipts,,,$],[5.,$Cash,$,0,0],[$Revenues$-$investments,$,0,0],[$To write off receivables,,,$],[6.,$Cash,$,0,0],[$Property taxes receivable,$,0,0],[$To record investment revenue,,,$],[7.,$Expenditures$-$interest,$,0,0],[$Matured interest payable,$,0,0],[$To record receipts,,,$]]$