The city of Amarillo is authorized to issue $$5,700,000.5$ percent regular serial bonds and $2023$ for the construction of a new exit off the interstate highway within city limits$,$ the bonds, mature and equal and annual amounts beginning on January $1,2024$ for $10$ years and pay interest on January one in July onef. Prepare the budgetary entries for $2023$ assuming that the bonds were scheduled to be issued on January $2.$ Assume that the January $1,2024,$ principal and interest payments will be included in the $2023$ budget. Prepare the entry required to reflect the transfer of funds from the General Fund to the debt service fund. $($You may ignore the entry in the General Fund.$)($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Do not round intermediate calculations.$)$

$\backslash$table$[[$Transaction$,$Fund,General Journal,Debit,Credit$],[1.$ Record the budget transaction.,,,,$],[1,$Debt Service Fund,,,$],[,,,,],[,,,,],[2.$ Record the transfer of funds.,,,,$],[2,$Debt Service Fund,,,$]]$