I need help in answering question number 9 on the paper provided with the questions. The journal entries from 1-8 are provide below to help close the term bond debt service fund asked in number 9.

Term Bond Debt Service Fund Transactions and Advance Ketunaing. i ne City of IHenderson had outstanding 8 percent term bonds scheduled to mature July 1, 2013, in the amount of $5,000,000. The bonds were issued several years ago at par. At the beginning of FY 2008, only $1,000,000 had been accumulated as sink- ing fund investments in a term bond debt service fund. The bonds pay interest of 4 percent per annum semiannually on January 1 and July 1 a. During 2008, the following transactions occurred. Record the transactions in the term bond debt service fund and the governmental activities general jour- nals. ignore all enties that would be made in the General Fund (1) The budget for FY 2008 provided for an interfund transfer from the Gen- eral Fund in the amount needed for two semiannual interest payments plus $53,000 on June 30 and December 31 for sinking fund investments. The budget also provides for estimated investment revenues of $161,000. In- vestment revenues are added to the sinking fund investment principal semiannually on June 30 and December 31. Appropriations were approved for the two semiannual interest payments. An entry was made to accrue the interfund transfer from the General Fund. (2) The interest payment due on January 1, 2008, was made on schedule. (3) On June 30, 2008, cash was transferred from the General Fund in the amount required for the July I interest payment and the semiannual addi- tion to the sinking fund. The addition to the sinking fund was immediately invested. (4) The city received notice that sinking fund investments earned interest of $79,160 on June 30, 2008. (5) The interest payment due on July 1. 2008, was made on schedule. (6) On December 31, the General Fund transferred the remaining budgeted amount to the term bond debt service fund. This included the amount re- quired for the January 1, 2009, interest paymeat and the semiannual addi- tion to the sinking fund. The addition to the sinking fund was immediately invested. (7) The city received a notice that sinking fund investments earned interest of $81,300 for the last six months of the fiscal year (3) Because interest rates have dropped dramatically since these bonds were issued, the city's finance director obtained approval from the Henderson City Council in late 2008 to issue $4,000,000 of new 5 percent serial bonds to refund and retire the old term $1,000,000 required to redeem the term bonds was obtained by cashing itn all investments. The excess of cash from investments will be transferred to a new serial bond debt service fund and held for principal repayment of the serial bonds. The new serial bonds were issued at par on December 31. 2008, the end of the fiscal year, and the old term bonds were redeemed on the same date. Semiannual interest was also paid on the term bonds on December 31, 2008, because of the early redemption. bond issue. The remaining (9) All accounts in the term bond debt service fund were closed after the bonds were redeemed