! Required information Exercise 6-23 (Static) Debt Service Fund Trial Balance (LO 6-5] [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 Credits Debits $ 214,000 56,000 $ 56,500 ? 7,125,000 1,607,500 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 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 1,582,000 11,500 145,000 7,000,000 7,000,000 1,525,000 525,000 1,000,000 7,000,000 Using information provided by the trial balance, answer the following. GRANT COUNTY Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended June 30 Revenues: Total Revenues 0 Expenditures: 0 Total Expenditures Excess of Revenues Under Expenditures Other Financing Sources (Uses): 0 Total Other Financing Sources (Uses): 0 Increase in Fund Balances 0 Fund Balances, July 1 Fund Balances, June 30 $ 0