Prepare Journal Entries as necessary to record the following transactions in the debt service fund and if applicable in the government activities general journal.

2. [Para. 6-b-2] Taxes were levied by the debt service fund in the amount of $1,938,000. Of this amount, $38,000 was expected to be uncollectible. (NOTE: Total taxes billed was $1,938,000.) 3. [Para. 6-b-3] Cash in the amount of the $40,000 premium on the bonds sold on January 1,2023 was received and recorded in the debt service fund. NOTE: The credits for this entry in the govemmental activities general joumal should have been made as part of the requirements for Chapter 5 . 4. [Para. 6-b-4] Temporary investments were purchased in the amount of $100,000. 5. [Para. 6-b-5] Checks were written and mailed to bondholders for bonds maturing on January 1, 2023, and to pay all bond interest due that day ( $300,000 current portion of long term debt, plus an interest payment of $6,000. In the govemmental activities general journal, debit Acerued Interest Payable for the interest payment as this amount was expensed on December 31, 2022, the end of the preceding fiscal year. 6. [Para. 6-b-6] Current taxes receivable were collected in the amount of $1,841,100. Also, delinquent taxes receivable were collected in the amount of $5,600, along with Interest and Penalties Receivable on Taxes of $4,550. 7. [Para. 6-b-7] Temporary investments were purchased in the amount of $200,000. 8. [Para. 6-b-8] Pay the $40,000 interest payment due on July 1, 2023. At the govemment-wide level, $1,000 was debited for amortization of the premium on bonds sold for the 2% serial bonds. 9. [Para, 6-b-9] Current taxes receivable of $58,140 were collected. 10. [Para. 6-b-10] The uncollected balance of current taxes receivable and the related estimated uncollectible account were reclassified as delinquent. Interest and penalties of $3,000 were acerued, of which $150 was estimated to be uncollectible