Chapter 8 Yarrow County engaged in the following debt-related transactions during the year. REQUIRED: Assume that the county maintains its books and...

Chapter 8Yarrow County engaged in the following debt-related transactions during the year. REQUIRED: Assume that the county maintains its books and records in a manner that facilitates the preparation of its government-wide financial statements. Prepare the necessary journal entries to record these transactions. Clearly indicate if debt is long-term or short-term (current). If no entry is required, write “No entry required.”a)