The City of Waterman established a capital projects fund for the construction of an access ramp from the parking garage to the citys office building to be used by individuals with disabilities. The estimated cost of the ramp is $221,000. On January 1, 20X2, a 10 percent, $153,000 bond issue was sold at 104 with the premium transferred to the debt service fund. At that date, the county board provided a $68,000 grant. After a period of negotiation, the city council awarded a construction contract for $176,000 on April 5, 20X2. The ramp was completed on August 8, 20X2; its actual cost was $186,000. The city council approved payment of the total actual cost of $186,000. In addition to the $186,000, the ramp was carpeted with all-weather material at a cost of $7,520. On November 3, 20X2, the city council gave the final approval to pay for the ramp and the carpeting. After all bills were paid, the remaining fund balance was transferred to the debt service fund. The City of Waterman established a debt service fund to account for the financial resources used to service the bonds issued to finance the ramp is $221,000. The 10 percent, $153,000 bond issue was sold at 104 on January 1, 20X2. It is a 10-year serial bond issue. The resources to pay the interest and annual principal will be from a property tax levy. Additional Information: The operating budget for 20X2 included estimated revenue of $37,700. Budgeted appropriations included $15,300 for principal, $15,300 for interest, and $5,900 for other items. The budget also included an estimated transfer in of $7,100 from the capital projects fund. The property tax levy was for $42,800 and an allowance for uncollectibles of $4,300 was established. Collections totaled $36,800. The remaining taxes were reclassified as delinquent and the allowance was reduced to $1,700. The bond premium was received from the capital projects fund. The current portion of the serial bonds and the interest due this year were recorded and paid. Other expenses charged to the debt service fund totaled $1,790, of which $1,370 was paid. The nominal accounts were closed. Required: a. Prepare entries for the debt service fund for 20X2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)