**Need help with the requirements in the "a" section.

Chapter 6 Transactions Affecting General Long-Term Liabilities and Debt Service The City of Bingham utilizes a single debt service fund to account for the service of all issues of tax-supported and special assessment long-term debt. As of December 31, 2019, one issue of tax-supported serial bonds was outstanding. The post-closing trial balance of the debt service fund as of December 31, 2019, is shown below. The issue of tax-supported serial bonds issued on October 1, 2019 and outstanding on December 31, 2019, amounted to $10,000,000. Bonds of this issue in the amount of $500,000 mature on September 30 of each year, beginning in 2020. This bond issue bears interest at the annual rate of 2 percent, payable on March 31 and September 30 each year. The cash balance of the debt service fund on December 31, 2019, is restricted for the repayment of tax-supported bond principal and interest payments, such as the principal maturing on September 30, 2020, and bond interest due in 2020. a. Record the following accounts and balances in the debt service fund general journal, selecting 2019 from the [Year] menu and using para. 6a for the [Add description]. When completed select [Post entries] to post the entries in the general ledgers. (Note: These opening balances were previously recorded in the governmental activities general journal in Chapter 2 of this project.) CITY OF BINGHAM Debt Service Fund Trial Balance As of December 31, 2019 Debits Credits Cash $ 950,000 Taxes Receivable-Delinquent 85,000 Allowance for Uncollectible Delinquent Taxes $ 54,000 Interest and Penalties Receivable on Taxes 9,600 Allowance for Uncollectible Interest and Penalties 960 Deferred Inflows of Resources 39,640 Fund Balance-Restricted 950,000 Totals $1,044,600 $1,044,600 Additional Information: On January 1, 2020, the City of Bingham sold a 12-year issue of tax-supported serial bonds to finance the construction and equipping of an annex to City Hall. As described in Chapter 5 of this cumulative problem, the total amount of bonds issued on that date was $7,500,000, sold at 101. The issue bears interest at the annual rate of 3 percent, payable on January 1 and July 1 of each year; bonds in the amount of $312,500 will mature on January 1, 2021, and every six months thereafter until maturity. The premium on these bonds will be amortized using the straight-line method over 24 periods. Cash for the payment of interest in 2020 will be provided by the General Fund (see Chapter Chapter 6 Transactions Affecting General Long-Term Liabilities and Debt Service The City of Bingham utilizes a single debt service fund to account for the service of all issues of tax-supported and special assessment long-term debt. As of December 31, 2019, one issue of tax-supported serial bonds was outstanding. The post-closing trial balance of the debt service fund as of December 31, 2019, is shown below. The issue of tax-supported serial bonds issued on October 1, 2019 and outstanding on December 31, 2019, amounted to $10,000,000. Bonds of this issue in the amount of $500,000 mature on September 30 of each year, beginning in 2020. This bond issue bears interest at the annual rate of 2 percent, payable on March 31 and September 30 each year. The cash balance of the debt service fund on December 31, 2019, is restricted for the repayment of tax-supported bond principal and interest payments, such as the principal maturing on September 30, 2020, and bond interest due in 2020. a. Record the following accounts and balances in the debt service fund general journal, selecting 2019 from the [Year] menu and using para. 6a for the [Add description]. When completed select [Post entries] to post the entries in the general ledgers. (Note: These opening balances were previously recorded in the governmental activities general journal in Chapter 2 of this project.) CITY OF BINGHAM Debt Service Fund Trial Balance As of December 31, 2019 Debits Credits Cash $ 950,000 Taxes Receivable-Delinquent 85,000 Allowance for Uncollectible Delinquent Taxes $ 54,000 Interest and Penalties Receivable on Taxes 9,600 Allowance for Uncollectible Interest and Penalties 960 Deferred Inflows of Resources 39,640 Fund Balance-Restricted 950,000 Totals $1,044,600 $1,044,600 Additional Information: On January 1, 2020, the City of Bingham sold a 12-year issue of tax-supported serial bonds to finance the construction and equipping of an annex to City Hall. As described in Chapter 5 of this cumulative problem, the total amount of bonds issued on that date was $7,500,000, sold at 101. The issue bears interest at the annual rate of 3 percent, payable on January 1 and July 1 of each year; bonds in the amount of $312,500 will mature on January 1, 2021, and every six months thereafter until maturity. The premium on these bonds will be amortized using the straight-line method over 24 periods. Cash for the payment of interest in 2020 will be provided by the General Fund (see Chapter