The Town of McHenry has $17,000,000 in general obligation bonds outstanding and maintains a single debt service fund for all debt service transactions. On July 1, 2020, a current refunding took place in which $17,000,000 in new general obligation bonds were issued. Record the transaction on the books of the debt service fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet 1 2 Record the issue of bonds. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the refunding of bonds. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general journal