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 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 c. Prepare a balance sheet for the debt service fund as of December 31, 2023.

D4.   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.

None

Just 4 and 5 is what I’m struggling with please help thank you!!

On 1/1/2019, the city of San Francisco issued at par $2,000,000 of 5% term bonds to renovate the Golden Gate Bridge. The bonds mature in five years on 1/1/2024 with semiannual interest payments on 6/30 and 12/31. A debt service fund is created to manage the payment of principals and interests of this bond.  As illustrated below, a sinking fund is to be established with equal semiannual additions made on 6/30 and 12/31. General fund transfers to the debt service fund the cash for sinking fund additions and semiannual interest payments a few days before the due dates.  Year Period Required additions 2019 1 $174,461   2   174,461 2020 3   174,461   4   174,461 2021 5   174,461   6   174,461 2022 7   174,461   8   174,461 2023 9   174,461   10   174,461 Prepare journal entries for the following transactions for the debt service fund. Show your calculations.  1. Record the budget for the year 2019. 2. Record the transfer of cash from the general fund to the debt…

None

Answer all parts. Thank you!

Answer with clear working, answer in text form please (without image)

Show me step by step how you solve the problems and get the answers so I can learn better please

Need help questions 2 and 3.