Required Information [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 Estimated Other Financing Sources Budgetary Fund Balance 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 Using information provided by the trial balance, answer the following. Debits Credits $ 281,000 77,000 $ 68,500 ? 6,121,000 2,656,900 1,462,800 15,700 126,000 7,120,000 7,120,000 1,315,000 465,000 850,000 7,120,000 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 fleld.) 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 b. What is the budgetary fund balance? Budgetary Fund Balance c. Did the debt service fund pay debt obligations related to lease agreements? Yes O No d. Did the debt service fund perform a debt refunding? O Yes No e. Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ended June 30. (Negative amounts should be Indicated by a minus sign.) GRANT COUNTY Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended June 30 Revenues: Total Revenues Expenditures: Total Expenditures Excess of Revenues Under Expenditures Other Financing Sources (Uses): Total Other Financing Sources (Uses): Increase in Fund Balances Fund Balances, July 1 Fund Balances, June 30 0 0 0 0 0 $ 0