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Accounting

if youre the guy who keeps trying to send me somewhere else do not respond to this.
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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
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.
b. Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ende
December 31,2023.
Required
c. Prepare a balance sheet for the debt service fund as of December 31,2023.
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