The City of Amarillo is authorized to Issue $$7,800,000,5$ percent regular serial bonds in $2023$ for the construction of a new exit off the

interstate highway within city limits$.$ The bonds mature in equal annual amounts beginning on January $1,2024,$ for $10$ years and pay

interest on January $1$ and July $1.$ The city is required to use all accrued interest and premiums to service the debt. The funds to pay the

interest will be transferred from the General Fund. The county's fiscal year$-$end is December $31.$

f$.$ 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.$)$

Answer is not complete.