help with missing entries

! Required information [The following information applies to the questions displayed below.) As of december 31, 2019, Sandy Beach had $9,500,000 in 4.5 percent serial bonds outstanding. Cash of $509,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes in an amount sufficient to cover principal payments. Required a-1. Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactions for FY 2020. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Answer is complete and correct. Debit Credit Fund / Governmental Transaction General Journal Activties 1. The operating budget for FY 2020 consists of estimated revenues of $1,020,000 and estimated other financing sources equal to the amount of interest to be paid in FY 2020. Appropriations must be provided for interest payments and bond redemptions on January 1 and July 1. Serial Bond Debt Service Estimated Other Financing Sources 416,250 Fund Estimated Revenues 1,020,000 Appropriations 1,416,250 Budgetary Fund Balance 20,000 1 Governmental Activities No Journal Entry Required 2a 2. Cash was received from the General Fund and checks were written and mailed for the January 1 principal and interest payments. Serial Bond Debt Service Record cash received from the general fund. Cash 213,750 Other Financing SourcesInterfund Transfers In Fund 213,750 2b 213,750 Record principal and interest paid. ExpendituresInterest ExpendituresPrincipal Cash 500,000 713,750 2c Governmental Activities 213,750 Interest Payable Bonds Payable Cash 500,000 713,750 3. Property taxes in the amount of $1,020,000 were levied (no estimate for uncollectible accounts has been made). Serial Bond Debt Service Fund Taxes Receivable-Current Revenues 3 1,020,000 1,020,000 Governmental Activities 1,020,000 Taxes Receivable-Current General RevenuesProperty Taxes 1,020,000 4. Property taxes in the amount of $1,019,000 were collected. Serial Bond Debt Service Fund Cash Taxes Receivable-Current 4 1,019,000 1,019,000 Governmental Activities Cash 1,019,000 Taxes ReceivableCurrent 1,019,000 5 Fund 5. Cash was received from the General Fund and checks were written and mailed for the July 1 principal and interest payments. Serial Bond Debt Service Record cash received from the general fund. Cash Other Financing Sources-Interfund Transfers In 202,500 202,500 5b 202,500 Record principal and interest paid. Expenditures Interest ExpendituresPrincipal Cash 500,000 702,500 5c Governmental Activities 202,500 Expenses Interest on Long-term debt Bonds Payable 500,000 Cash 702,500 Debit Credit Fund/ Governmental Transaction General Journal Activties 6. Adjusting entries were made and uncollected taxes receivable were reclassified as delinquent. At the fund level, entries were also made to close budgetary and operating statement accounts. (Ignore closing entries in the government activities journal.) Serial Bond Debt Service Fund Record the entry to close the budgetary statement account. Budgetary Fund Balance 20,000 Appropriations 1,416,250 Estimated Other Financing Sources 416,250 Estimated Revenues 1,020,000 OOOO 6b Record the entry for classifying uncollectible accounts. Taxes Receivable-Delinquent Taxes Receivable-Current 1,000 1,000 6c Record the deferred inflows of resources. No Journal Entry Required X 6d 416,250 1,020,000 X Record the entry to close the operating statement account. Other Financing SourcesInterfund Transfers In Revenues Expenditures Interest Expenditures-Principal Fund Balance-Restricted 416,250 1,000,000 20,000 8 Governmental Activities 191,250 ExpensesInterest on Long-term debt Interest Payable 191,250 6f Record the entry for classifying uncollectible accounts. No Journal Entry Required ! Required information [The following information applies to the questions displayed below.) As of december 31, 2019, Sandy Beach had $9,500,000 in 4.5 percent serial bonds outstanding. Cash of $509,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes in an amount sufficient to cover principal payments. Required a-1. Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactions for FY 2020. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Answer is complete and correct. Debit Credit Fund / Governmental Transaction General Journal Activties 1. The operating budget for FY 2020 consists of estimated revenues of $1,020,000 and estimated other financing sources equal to the amount of interest to be paid in FY 2020. Appropriations must be provided for interest payments and bond redemptions on January 1 and July 1. Serial Bond Debt Service Estimated Other Financing Sources 416,250 Fund Estimated Revenues 1,020,000 Appropriations 1,416,250 Budgetary Fund Balance 20,000 1 Governmental Activities No Journal Entry Required 2a 2. Cash was received from the General Fund and checks were written and mailed for the January 1 principal and interest payments. Serial Bond Debt Service Record cash received from the general fund. Cash 213,750 Other Financing SourcesInterfund Transfers In Fund 213,750 2b 213,750 Record principal and interest paid. ExpendituresInterest ExpendituresPrincipal Cash 500,000 713,750 2c Governmental Activities 213,750 Interest Payable Bonds Payable Cash 500,000 713,750 3. Property taxes in the amount of $1,020,000 were levied (no estimate for uncollectible accounts has been made). Serial Bond Debt Service Fund Taxes Receivable-Current Revenues 3 1,020,000 1,020,000 Governmental Activities 1,020,000 Taxes Receivable-Current General RevenuesProperty Taxes 1,020,000 4. Property taxes in the amount of $1,019,000 were collected. Serial Bond Debt Service Fund Cash Taxes Receivable-Current 4 1,019,000 1,019,000 Governmental Activities Cash 1,019,000 Taxes ReceivableCurrent 1,019,000 5 Fund 5. Cash was received from the General Fund and checks were written and mailed for the July 1 principal and interest payments. Serial Bond Debt Service Record cash received from the general fund. Cash Other Financing Sources-Interfund Transfers In 202,500 202,500 5b 202,500 Record principal and interest paid. Expenditures Interest ExpendituresPrincipal Cash 500,000 702,500 5c Governmental Activities 202,500 Expenses Interest on Long-term debt Bonds Payable 500,000 Cash 702,500 Debit Credit Fund/ Governmental Transaction General Journal Activties 6. Adjusting entries were made and uncollected taxes receivable were reclassified as delinquent. At the fund level, entries were also made to close budgetary and operating statement accounts. (Ignore closing entries in the government activities journal.) Serial Bond Debt Service Fund Record the entry to close the budgetary statement account. Budgetary Fund Balance 20,000 Appropriations 1,416,250 Estimated Other Financing Sources 416,250 Estimated Revenues 1,020,000 OOOO 6b Record the entry for classifying uncollectible accounts. Taxes Receivable-Delinquent Taxes Receivable-Current 1,000 1,000 6c Record the deferred inflows of resources. No Journal Entry Required X 6d 416,250 1,020,000 X Record the entry to close the operating statement account. Other Financing SourcesInterfund Transfers In Revenues Expenditures Interest Expenditures-Principal Fund Balance-Restricted 416,250 1,000,000 20,000 8 Governmental Activities 191,250 ExpensesInterest on Long-term debt Interest Payable 191,250 6f Record the entry for classifying uncollectible accounts. No Journal Entry Required