The transactions below are for Cardinal County's General Fund$$ Remember the rule in governmental accounting is that a revenue is$$recorded when the money can be spent. If the governmental unit $($city$,$ county, township, state$)$ receives funds before$$they can be spent, it is recorded as either an unearned revenue $($also called "deferred" revenue$)$ or as a deferredinflow $($this is covered in my chapter $3$ notes$).$ Property taxes can be spent in the year associated$$with the tax levy.$$ Some grants will specify, in some way, when the money can be spent.$$ These$$facts need to be considered in determining if a revenue is recorded vs deferred inflow or unearned$$revenue$.$ Please record the entries below. Be sure to indent credits.$1$ Cardinal County was awarded a grant of $$80,000$ in which it receives the cash then passes the cash onto$$townships within the county with the Townships spending the money on various Township rennovations$($pass$-$through grant$).$ The County has the decision$-$making responsibility of determining how much to pay to$$each township.$$ Please record the $$80,000$ receipt by the County. $($ch$4)2$ Paid off long$-$term debt, $$100,000.($ch$3$ & $4)3$ Purchased two police cars, totalling $$89,000.$ Paid $$30,000$ cash and signed a $3-$month note payable for the remainder. $($ch$3$ & $4)4$ Cardinal County received $$100,000$ on $3/6/2025$ from a grant to build a municipal swimming pool.There are no restrictions on when this can be spent. $($ch$3)5$ Cardinal County received $$60,000$ from another grant on $5/6/2025.$ The grant specifies that themoney cannot be spent until $8/1/2025.$ Please record the receipt of the $$60,000$ on $5/6/2025.($ch$3)6$ Cardinal County received $$75,000$ from another grant on $8/3/2025.$ This grant is also relatedto the municipal swimming pool.$$ It is for a shower and bathroom, and the grant specifiesthat it cannot be spent until the swimming pool has been built. $($ch$3)7$ The general fund borrowed $$4,000$ from the special revenue fund.$$ The general fund will repay this in $9$ months. $($ch$4)8$ Cardinal County was awarded a reimbursement grant $($chapter $4)$ to renovate the little league baseballdiamonds.$$ On $6/30/2025$ Cardinal City spent $$15,000$ for this purpose and submitted the paperwork tothe granting agency. $($ch$4)9$ On $7/31/2025$ Cardinal County received the $$15,000$ reimbursement it applied for in #$8.($ch$4)10$ The general fund transferred $$8,000$ to the Capital Projects Fund $($CPF$)$ to assist with CPF activities.$$ This will not$$be repaid by the CPF$.($ch$4)$