The Town of McHenry has $21,000,000 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 $21,000,000 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.) 1 Record the issue of bonds. 2 Record the refunding of bonds. Note : = journal entry has been entered