(Government Accounting) please answer Problem 22 Only Thanx

Problem 21 - Advance Refunding The City of Armona has decided to refinance $8.000 par value of general government, general obligation bonds outstanding. The bonds had a related unamortized The city issues $6,000 of refunding bonds and transfers $2.700 from the General Fund to the Debt Service Fund. The city paid $8,700 from the Debt Service Fund into an irrevocable trust to cover future payments on the original bonds. All amounts are in thousands of dollars. bond premium of $200 Requirements 1. 2. 3. Record the above transactions in the Debt Service Fund assuming the refinancing meets the conditions for treatment as a defeasance in substance Record the above transactions in the Debt Service Fund assuming the refinancing does not meet the conditions for treatment as a defeasance in substance. For both requirements (1) and (2), indicate the effects of each transaction on the accounting equation of the Debt Service Fund and on the General Capital Assets and General Long-Term Liabilities accounts. If an element is not affected, put 'NE" in the appropriate box Problem 22-Other Interfund Transactions: Loans Transactions: 1. A loan of $50 was made from the General Fund to the Gasoline Tax Fund (GTF), which is accounted for as a Special Revenue Fund. The loan will be repaid in five years. 2. The General Fund loaned $320 to the Capital Projects Fund to be repaid in 90 days. Requirement: Prepare the general journal entries using standard fund-type terminology identifying the fund or nonfund accounts for which the entry is being prepared. Appropriate abbreviations are acceptable (e.g., GF, SRF, CPF, DSF, GCA GLTL, OFS, or OFU). If no entry is required, write "No Entry Required" and briefly explain why. Do not include formal entry explanations or dates, but include any important assumptions made and all calculations