Listed below are selected transactions from a Loudon County Debt Service Fund (all amounts are in thousands of dollars).

1. The remaining funds of a Capital Projects Fund, $1,500, were transferred to the Debt Service Fund to be used in the repayment of debt and interest on that debt that was issued to finance and expansion of the county courthouse.
2. The county General Fund transferred $8,600 to the Debt Service Fund to provide financing for principal, interest, and fiscal agent fees for debt service transactions during the year. $6,000 of the transfer from the General Fund and all of the transfer from the CPF were invested.
3. The semi-annual payment of interest on bonds issued several years ago by a Capital Projects Fund came due and was paid. The outstanding principal of these 20-year, 4%, term bonds is $3,000. The unamortized discount on these bonds is $100. The bonds were issued 15 years ago on this date. The payment includes fiscal agent fees of $10.
4. The county has agreed to set up a small water treatment facility for the remote District 7, now that the local water supply has been polluted by a hog farm upstream. The cost of the facility, $2,500, is to be financed over 5 years by special assessments on the homeowners in that district, although the debt is guaranteed by the county. The assessment principal is paid annually, although the interest (4%) is paid semi-annually. The first interest payment is due in 6 months, with the first principal payment due in one year (60 days after year end). The water treatment facility will be operated as a general government activity.
5. The annual payment of serial bonds issued 10 years ago by the county came due. The amount owed is $1,250 in principal, $20 interest, and $5 in fiscal agent fees. The amount due was paid.
6. The county received interest on its investments, $85. In addition, investments that originally cost $4,000 were sold for $3,975. (See entry #2)
7. Another term bond issued 20 years ago by the county came due and was paid. The face amount and rate was $3,200 and 3%, respectively, and pays interest semi-annually. The fiscal agent fees were $60.
8. The semi-annual payment for interest on the outstanding special assessment bonds was paid when due. Also, $300 of assessments receivable has been collected for the principal payment due next year.
9. The regular semi-annual interest payment on the term bonds came due and was paid. (See entry #3)
10. A serial bond issued in the current year has its first annual payment of principal and interest due on the third day of the next fiscal year. As is required by the debt covenant and following the general procedures for all debt issues of the county, $1,200 ($1,000 for principal, $180 for interest, and $20 for fiscal agent fees) has been transferred from the General Fund to the Debt Service Fund to make this payment.

\underline{\text{Requirements: }}

1. Record the above transactions in the Debt Service Fund.
2. Indicate the effects of each transaction on the accounting equation of the Debt Service Fund and on the General Capital Assets and General Long-Term Liabilities accounts. If an element is not affected, put "NE" in the appropriate box.

Assume That the Fair Market Value of Investments in a Debt

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