Problem:
Space coast city issued the following during the year ended September 30, 2010: (1) $200,000 in bonds for the installation of stop signs, to be assessed against properties benefited, but secondarily backed by the city; (2) $320,000 in bonds for construction of a coin operated bathroom facility at the beach to be paid from fees collected from users
Required:
Question 1: How much is debt service funds for payments of principal over the life of the bonds?
Question 2: How do you report the other?
Note: Please provide full description.