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Required information [The following information applies to the questions displayed below] As of December 31, 2022, Sandy Beach had $9.900,000 in 4.0 percent serial bonds

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Required information [The following information applies to the questions displayed below] As of December 31, 2022, Sandy Beach had $9.900,000 in 4.0 percent serial bonds outstanding. Cash of $535,000 is the debt service fund's only asset as of December 31,2022 and there are no llabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest poyment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property raxes in an amount sufficient to cover principal payments Required a.1. Prepare debt service fund and government-wide entries in general journal form to refiect, as necessary, the following information and transactions for FY 2023. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

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