42: From records available in various offices of baraga county you find the fo

42: From records available in various offices of baraga county you find the following information about changes in long-term liabilities of the county during
the year ended June 2012:

1)At the end of the 2011 fiscal year $500000 was still outstanding on an issue of a 3% serial bond that matures at the rate of $250000 per year. The payment
during fiscal year 2012 has been made by the debt service fund.

2) Baraga County council decided to fund a General fund deficit with an issue of 4 year notes totaling $480000. The notes where issued on July 1 2011 and
were to retired at the rate of $120000 per year; the first payment was to be made on July 1 2012 by the debt service fund.

3) At the end of the 2011 fiscal year $100000 par value general obligastion serial bonds were outstanding from an original amount of $400000. Annual
maturities of $25000 have been paid on December 31 of each year.

4) In FY 2011 an issue of 7% serial bonds was sold in the amount of $6000000. The issue matures at the rate of $300000 per year. The firs payment was made
in FY 2012.

5)On june 302011 the county had outstanding $200000 of 4% serial bonds that had been issued to finance a revenue-producing recreation facitlity. On June 1
2012 bonds in the amount of P000 were paid. The bonds are being paid form enterprise revenues; they carry a convenant that obligates the county to levy taxes
to service the debt if enterprise revenues are insufficient. It is expected that enterprise revenues will be suffiecient to retire the bonds on schedule.

6) During FY 2012 a $300000 issue of 6% term bonds matured with little provisiion having been made for their payment. The bonds were closely held and
arrangements where made with holders of all but $25000 to accept 8% refunding serial bonds. Cash was paid to creditors who declined to accept refunding bonds.

Prepae a schedule disclosing the changes in long-term liabilities for Baraga County for the year ended June 302012 You do not need to include amount due with
one year.