Question: please answer Q6. label 6a, 6b, etc etc. i will thumbs up for correct answer Required information [The following information applies to the questions displayed


Required information [The following information applies to the questions displayed below) As of december 31, 2019, Sandy Beach had $9,500,000 in 4,5 percent serial bonds outstanding Cash of $509,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes in an amount sufficient to cover principal payments Required 6. Adjusting entries were made and uncollected taxes receivable were reclassified as delinquent. At the fund level, entries were also made to close budgetary and operating statement accounts. (Ignore closing entries in the government activities journal.) ba Serial Bond Debt Service Fund Record the entry to close the budgetary statement account Budgetary Fund Balance 20,000 Appropriations 1,416,250 Estimated Other Financing Sources 416,250 Estimated Revenues 1,020,000 65 Record the entry for classifying uncollectible accounts. Other Financing Sources-Interlund Transfers in 60 Record the deferred inflows of resources, id 416,250 1,020,000 Record the entry to close the operating statement account. Other Financing Sources-Interfund Transfers In Revenues Expenditures Interest Expenditures Principal Fund Balance - Restricted 416,250 1,000,000 20,000 be Governmental Activities 61 Record the entry for classifying uncollectible accounts
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