General Ledger Entries and Statements) Hatcher Village, which operates on the calendar year issued a 5-year, 8%, $100,000 note to the Bank of Hatcher on January 5, 20X4. The proceeds of the note were recorded in a Capital Projects Fund. Interest and one-tenth of the principal are due semiannually, on January 5 and July 5, beginning July 5, 20x4. A DSF has been established to service this debt, financing will come from General Fund transfers and a small debt service tax approved several years ago. The net assets of the fund at year end are not restricted or committed a. Prepare the general journal entries (budgetary and actual) needed to record the following transactions and events. b. Prepare a balance sheet at December 31, 20x4, and a Statement of Revenues, Expenditures and Changes in Fund Balance for the year then ended for the DSF Transactions and Events 1. January 6-The DSF budget for 20X4 was adopted. The General Fund contribution was estimated at $10,000, the tax levy was expected to yield $18,000. The appropriations included the January 5, 20X5, debt service payment. 2. The taxes were levied and received, $20,000. 3. The July 5, 20x4, payment of principal and interest was made. 4. The General Fund contribution of $10,000 was received. 5. The residual balance of a discontinued Capital Projects Fund, $6,000, was transferred to the DSF. 6. The January 5, 20x5, payment was accrued 7. Closing entries were prepared at December 31, 20x4