On July 1, 2022, the first day of its 2023 fiscal year, the Town of Bear Creek issued at par $2,000,000 of 2 percent term bonds to renovate a historic wing of its main administrative building. The bonds mature in five years on July 1, 2027. Interest is payable semiannually on January 1 and July 1. As illustrated in the table below, a sinking fund is to be established with equal semiannual additions made on June 30 and December 31. Cash for the sinking fund additions and the semiannual interest payments will be transferred from the General Fund shortly before the due dates. Investment earnings are added to the investment prineipal. -1. Prepare journal entries in the debt service fund for the following: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) d. On June 27,2023 , the General Fund transferred $211,164 to the debt service fund. The addition for the sinking fund was invested immediately in 2 percent certificates of deposit. e. Actual interest eamed on sinking fund investments at year-end (June 30, 2023) was the same as the amount budgeted in the table. This interest adds t the sinking fund balance. \begin{tabular}{|c|l|l|l|} \hline e & Term Bond Debt Service Fund & Record the actual interest eamed on sinking fund investments. \\ \hline & & & \\ \hline \end{tabular} 7-2. Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)