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Prepare the journal entry to record the following transaction in the specified fund only . Ignore any encumbrance accounting in these funds. DEBT SERVICE FUND

Prepare the journal entry to record the following transaction in the specified fund only. Ignore any encumbrance accounting in these funds.

DEBT SERVICE FUND (DSF)

The first installment of debt service on the debt, interest of $30,000 and principal of $25,000, becomes due and payable.

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