A town issues bonds as partial financing for a library construction project. The special sales tax for debt service is estimated to produce revenues of $270,000 for the year. From these revenues, two interest payments totaling $140,000 and a principal redemption payment of $120,000 must be paid. The Serial Bond Debt Service Fund entry to record the budget will include a credit to Budgetary Fund Balance for what amount?

Multiple choice question.

$260,000

$10,000

$270,000