Question: please help me answer this problem! i will be sure to thumbs up! Required information [The following information applies to the questions displayed below.] As
Required information [The following information applies to the questions displayed below.] As of December 31, 2022, Sandy Beach had $9.500,000 in 3 percent serial bonds outstanding. Cash of $509,000 is the debt service fund's only asset as of December 31, 2022, and there are no liabilities. The serial bonds pay interest. semlannually 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 ievies property taxes in an amount sutficient to cover principal payments. Required a.1. Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactionis for FY 2023. (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first occount field. Do not round intermediate calculations.)
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