On April 1, 2019, Houghton City issued 10-year, 3 percent serial, general obligation bonds at a face amount of 2,000,000. Interest is due semi-annually on April 1 and October 1. The first payment of $200,000 for redemption of principal is due April 1, 2020. The city has a calendar year end of December 31. Record the interest that should be recognized for the calendar year end December 2019 in two ways: first, for the governmental activities on the government-wide statement of activities, and second, for the General Fund on the statement of revenues, expenditures, and changes in fund balance. Assume cash is paid on the day interest is due. Show your calculations. Explain why interest expense is treated differently in those two statements. Date Account Name Debit Credit Date Account Name Debit Credit