Record Issue of bonds and refunding of bonds

4 The Town of McHenry has $25,000,000 in general obligation bonds outstanding and maintains a single debt service fund for all debt service transactions. On July 1, 2020, a current refunding took place in which $25,000,000 in new general obligation bonds were issued. Record the transaction on the books of the debt service fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points View transaction list Skipped Journal entry worksheet eBook Record the issue of bonds. Ask Note: Enter debits before credits. References Event General Journal Debit Credit 1 Record entry Clear entry View general journal