Prepare the entries required in the General Long-Term Liabilities accounts for the following transactions.
1. Principal ($100,000) and interest ($10,000) matured, but were not paid, on a long-term note that had been issued to provide general government financing.
2. A government's liability for general government claims and judgments at the beginning of the fiscal year was $900,000, 10% of which was considered current in nature. The general-government-related claims.