Required information 2 [The following information applies to the questions displayed below.) Following is Grant County's debt service fund pre-closing trial balance for the fiscal year ended June 30. GRANT COUNTY Debt Service Fund Pre-closing Trial Balance June 30 Cash Investments Fund Balance-Restricted Budgetary Fund Balance Estimated Other Financing Sources Estimated Revenue Revenue-Sales Taxes Revenue-Investment Earnings Other Financing Sources-Interfund Transfers In ences Other Financing Sources-Proceeds of Refunding Bonds Estimated Other Financing Uses Appropriations Expenditures-Bond Interest Expenditures-Bond Principal Other Financing Uses-Payment to Escrow Agent Using information provided by the trial balance, answer the following. Debits Credita $ 214,000 56,000 $ 56,500 7,125,000 1,607,500 1,582,000 11,500 145,000 7,000,000 7,000,000 1,525,000 525,000 1,000,000 7,000,000 Required a. Assuming the budget was not amended, what was the budgetary journal entry recorded at the beginning of the fiscal year? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Required a. Assuming the budget was not amended, what was the budgetary journal entry recorded at the beginning of the fiscal year? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the budgetary Journal Entry at the beginning of the fiscal year. Note: Enter debits before credits. Date Jun 30 General Journal Debit Credit Record entry Clear entry View general journal eBook b. What is the budgetary fund balance? Print References Budgetary Fund Balance c. Did the debt service fund pay debt obligations related to lease agreements? Yes No d. Did the debt service fund perform a debt refunding? Yes No