Required information The foowing information appies to the questions displayed below. As of December 31, 2019, Sandy Beach had $8,300,000 in 5.0 percent serial bonds outstanding. Cash of $443,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabillities. The serial bonds pay Interest semiannually on January 1 and July 1, with $500,000 In bonds being retired on each Interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes in an amount sutricient to cover principal payments. Required a-1 Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the foloing Information and transactions for FY 2020. (If no entry is required for a transaction event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) General Journal Debit Credit 1. The operating budget for FY 2020 consists of estimated revenues of $1,100,000 and estimated other financing sources equal to the amount of interest to be paid in FY 2020. Appropriations must be provided for interest and bond 1 and July 1 Serial Bond Debt Service Fund Activites 2. Cash was received from the General Fund and checks were written and mailed for the January 1 and interest 2a Senal Bond Debt Record cash received from the general fund. Service Fund 2b Record principal and interest paid. 2C Activities