Required a-1. Prepare debt service fund and govenment-wide entries in general journal form to reflect, as necessary, the following information and transactions for FY 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Transaction 1. The operating budget for FY 2017 consists of estimated revenues of $1,020,000 and estimated other financing sources equal to the amount of interest to be paid in FY 2017. Appopriations must be provided for interest payments and bond redemptions on January 1 and July 1 Fund General Journal Debit Credit Serial Bond Debt Service Fund Estimated Other Financing Sources 416,250 1,020,000 stimated Revenues 1,416,250 20,000 Appropriations udgetary Fund Balance Governmental Activities o Journal Entry Required 2. Cash was received from the General Fund and checks were written and mailed for the January 1 principal and interest payments Serial Bond Debt Service FundRecord cash received from the general fund Cash 213,750 Other Financing Sources-Interfund Transfers In 213,750 2b Record principal and interest paid 213,750 500,000 itures-Interest itures-Principal Cash 713,750 2c Governmental Activities nterest Payable 213,750 500,000 Payable 713,750 3. Property taxes in the amount of $1,020,000 were levied (no estimate for uncollectible accounts has been made) Serial Bond Debt Service Fund Taxes Receivable-Current 1,020,000 ues 1,020,000 Governmental Activities axes Receivable-Current 1,020,000 General Revenu Taxes 1,020,000