The City of Bedford Falls debt service fund budgeted $$150,000(2$ payments of $$75,000)$ for interest and an annual principal payment of $$500,000.$ Funding will be transferred from the general fund at the time payments are to be made. Interest payments will be December $15$ and June $15.$ Principal will be paid on June $15.$

Journalize the budget for July $1$

Journal any necessary December $15$ entry$($ies$)$

What is the amount of accrued interest to be recorded in the Debt Service Fund at June $30?$