Journal entries for several funds and a trial balance for a Debt Service Fund Following are several transactions that relate to the Village of Brooks Haven in 2022. Prepare all the journal entries necessary to record these transactions. Also, prepare a trial balance for the Debt Service Fund as of December 31, 2022. 1. The General Fund operating budget was approved. It included estimated revenues of $525,000, appropriations of $420,000, and estimated other financing uses of $94,500, 2. Encumbrances of $52,500 were recorded in the General Fund. 3. The budget for the Parks Special Revenue Fund was approved. It included estimated revenues of $63,000 and appropriations of $61,950. 4. The General Fund made a transfer of $105,000 to a Debt Service Fund 5. The Debt Service Fund recorded the liability for bond principal and interest that was due and payable $21,000 and $42,000, respectively. 6. The Debt Service Fund invested $10,500 of Debt Service Fund cash in securities, 7. The salaries of the general governmental administrative staff were paid: 515,750. Assume that salaries were not encumbered. 8. The fiscal agent who manages the investment activities of the Debt Service Fund was paid a fee of $1,050. 9. The property tax used to service the bond issue was levied. The total levy was $31.500, of which $30,450 is expected to be collected 10. A cash expenditure for office supplies for the mayor's office was made: $945. The amount that had been encumbered was $1,050 11. Debt Service Fund cash of $63,000 was paid to the fiscal agent to pay interest and principal (see transaction 5). Debit Credit 1. 0 Account General fund Estimated revenues Appropriations Estimated other financing uses Budgetary fund balance General fund Encumbrances Audgetary fund balance reserved for encumbrances 105,000 > 0 0 > 7. > 0 0 0 0 Debt Service fund 9. 0 0