Prepare the journal entries necessary to record the foregoing transactions.

On January 1,2025 , Cullumber issued $880,000 of 9% serial bonds at par. Semiannual interest is payable on January 1 and July 1 and principal of $88,000 matures each January 1 starting in 2026 . The debt will be serviced through a special tax levy designed especially for this purpose. Therefore, transfers will be provided as needed from the Special Revenue Fund. The following transactions occurred relating to the Debt Service Fund. 2025 June 29 A transfer of $37,000 was received from the Special Revenue Fund. July 1 The semiannual interest payment was made. Dec. 18 A Special Revenue Fund transfer of $18,000 was received. 2026 Jan. 1 A payment on bond principal and semiannual interest was made. 2035 Jan. 2 Accumulations in the Debt Service Fund amounted to $56,000 in investments and $42,000 in cash. The investments were liquidated at face value and the final interest and principal payment was made. Jan. 4 Having served its purpose, the Debt Service Fund's remaining assets were transferred to the Special Revenue Fund