Requlred Information [The following information applies to the questions displayed below.] As of December 31, 2022, Sandy Beach had $9,000,000 in 7.0 percent serial bonds outstanding. Cash of $444,000 is the debt service fund's only asset as of December 31,2022 , and there are no liabilities. 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 sufficient to cover principal payments. Required a-1. 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 ls requlred for a trensectlon/event, select "No Journal Entry Requlred" In the flrst account fleld. Do not round Intermedlate calculations.) 5. Cash was received from the General Fund and checks were written and mailed for the July 1 principal and interest payments. \begin{tabular}{|c|l|l|} \hline 5a & Serial Bond Debt Service Fund & Record cash received from the general fund. \\ \hline & & Cash \\ \hline & & Other Financing Sources-Interfund Transfers In \\ \hline & & Record principal and interest paid. \\ \hline 5b & & Expenditures-Bond Interest \\ \hline & & Expenditures-Bond Principal \\ \hline & & Cash \\ \hline & & Governmental Activities \\ \hline 5c & & Expenses-Interest on Long-term debt \\ \hline & & Bonds Payable \\ \hline \end{tabular} a-2. Prepare the closing entries. (If no entry Is requlred for a transactlon/event, select "No Journel Entry Requlred" In the flrst account fleld. Do not round Intermedlate calculations.)