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As of December 31,2022 , Sandy Beach had $8,900,000 in 5.0 percent serial bonds outstanding. Cash of $471,000 is the debt service fund's only asset as of December 31, 2022, 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. \begin{tabular}{|c|c|c|c|c|} \hline Transaction & Fund / Governmental Activties & General Journal & Debit & Credit \\ \hline \multicolumn{5}{|c|}{\begin{tabular}{l} 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.) \end{tabular}} \\ \hline \multirow[t]{5}{*}{6a} & Serial Bond Debt Service Fund & \multicolumn{3}{|l|}{ Record the entry to close the budgetary statement account. } \\ \hline & & Budgetary Fund Balance & & \\ \hline & & Appropriations & & \\ \hline & & Estimated Other Financing Sources & & \\ \hline & & Estimated Revenues & & \\ \hline \multirow[t]{3}{*}{6b} & & \multicolumn{3}{|l|}{ Record the entry for classifying uncollectible accounts. } \\ \hline & & Taxes Receivable-Delinquent & & \\ \hline & & Taxes Receivable-Current & & \\ \hline \multirow[t]{3}{*}{6c} & & \multicolumn{3}{|l|}{ Record the deferred inflows of resources. } \\ \hline & & Revenues & & \\ \hline & & Deferred Inflow of Resources_-Unavailable revenues & & \\ \hline \multirow[t]{6}{*}{6d} & & \multicolumn{3}{|l|}{ Record the entry to close the operating statement account. } \\ \hline & & Other Financing Sources-Interfund Transfers In & & \\ \hline & & Revenues & & \\ \hline & & Expenditures-Bond Interest & & \\ \hline & & Expenditures-Bond Principal & & \\ \hline & & Fund Balance-Unassigned & & \\ \hline \multirow[t]{2}{*}{6e} & Governmental Activities & Taxes Receivable-Delinquent & & \\ \hline & & Taxes Receivable-Current & & \\ \hline \multirow[t]{3}{*}{ gf } & & Record the entry for classifying uncollectible accounts. & & \\ \hline & & Expenses-Interest on Long-term debt & & \\ \hline & & Accrued interest payable & & \\ \hline \end{tabular}

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