Please complete 10-13 and the required financial statement.

Chapter 6 Transactions Affecting General Long-Term Liabilities and Debt Service The City of Bingham utilizes a single debt service fund to account for the servec of all issues of tax-supported and special asessment long-term debe. As of December 31,2022 , one issue of tax-4upported serial bonds was outstanding. See the beginsing trial balance for govemmental activities - the outatanding balance is classified as the current portion of fong-term debt. The post-closing trial balance of the debt service fund as of December 31, 2022, is shown below: a. Record the following accounts and balances in the debs service fund general journal, selecting 2022 from the |Year) menu and using 6-a for the [Description]. When completed select [Post Eatries] to post the entries in the general ledgers. [Note. These opening balances were previously recorded in the govermmental activities general journal in Chapter 2 of this project.) City of Bingham Debt Service Fund Post-Closing Trial Balance As of December 31,2022 Adifional hiformation: On January 1, 2023, the City of Bingham sold a 20-ycar issue of tax-supported serial bonds to finance the construction and equipping of an annex to City Hall. As described in Chapter 5 of this cumulative problem, the total amount of bonds issued on that date was $4,000,000, sold at 101 . The issue bears interest at the annual rate of 2 percent, payable on January 1 and July 1 of each year, serial bonds in the amount of $200,000 will mature on January 1, 2024, and January 1 of each following year until maturity. The premium on these bonds will be amortized on a straight-line basis every six months. (Note: You will nor use the effective interest method to calculate interest expense. Interest expense will be the difference between the cash payment for interest and the amortization on the bond preminm.) Required: b. Prepare general joumal entries, as necessary to record the following transactions in the debt service fund general joumal and, if applicable, in the governmental activities general journal. Use account titles listed in the drop down |Account| menu for each of these accounting entities. Be sure to select year "2023" from the drop-down |Year) menu and the appropriate paragraph number shown in bold-face font below in the [Description] box