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Required information The following information applies to the questions displayed below] As of December 31,2022 . Sandy Beach had $9,400,000 in 4.5 percent serial bonds
Required information The following information applies to the questions displayed below] As of December 31,2022 . Sandy Beach had $9,400,000 in 4.5 percent serial bonds outstanding. Cash of $434,000 is the debt service fund's only asset as of December 31,2022, and there are no liabilities. The serial bonds pay interest semiannualfy on Jamuary 1 and fuly 1 , with $500,000 in bonds being retired on each interest payment date. Resourees for payment of interest are transferted from the General Fund, and the debt service fund levies property taxes in an amount sufficient to cover principol payments. Required a-t Prepare debt service fund and government-wide entries in general joumal form to reflect 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.) (1) Required information Requins infecmation
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