Ch 12 P-27 0 On January 1, 2017, the City of Hastings created a solid waste landfi If the landfill were to be closed at the current time, closure costs would be approximately $1.35 million plus an additional $880.000 for postclosure work. Of these totals, the city must pay $49.500 on December 31 of each year for preliminary closure work. At the end of 2017, the landfill reached 2 percent of capacity. At the end of 2018, the landfill reached 10 percent of capacity. Also at the end of 2018, a reassessment is made total closure costs are determined to be $1.55 million rather than $1.35 million. points eBook a. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on the government-wide financial statements? b. Assuming that the landfill is reported within the general fund, what journal entries are made in 2017 and 2018 on the government- wide financial statements? c. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on fund financial statements? d. Assuming that the landfill is reported within the general fund, what joumal entries are made in 2017 and 2018 on fund financial statements? Print References Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on the government-wide financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record entry to recognize the Year 1 portion of total costs for eventual closure of landfill - Enterprise. Note: Enter debits before credits. General Journal Debit Credit Date December 31. 2017 Record entry Clear entry View general journal Required A Required B > Ch 12 P-27 0 On January 1, 2017, the City of Hastings created a solid waste landfill that it expects to reach capacity gradually over the next 20 years. If the landfill were to be closed at the current time, closure costs would be approximately $1.35 million plus an additional $880.000 for postclosure work. Of these totals, the city must pay $49.500 on December 31 of each year for preliminary closure work. At the end of 2017, the landfill reached 2 percent of capacity. At the end of 2018. the landfill reached 10 percent of capacity. Also at the end of 2018, a reassessment is made; total closure costs are determined to be $1.55 million rather than $1.35 million. 24 points eBook a. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on the government-wide financial statements? b. Assuming that the landfill is reported within the general fund, what joumal entries are made in 2017 and 2018 on the government- wide financial statements? c. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on fund financial statements? d. Assuming that the landfill is reported within the general fund, what joumal entries are made in 2017 and 2018 on fund financial statements? Print References Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Assuming that the landfill is reported within the general fund, what journal entries are made in 2017 and 2018 on the government-wide financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record entry to recognize the Year 1 portion of total costs for eventual closure of landfill - General Fund. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2017 Record entry Clear entry View general journal Ch 12 P-27 0 On January 1, 2017, the City of Hastings created a solid waste landfill that it expects to reach capacity gradually over the next 20 years. If the landfill were to be closed at the current time, closure costs would be approximately $1.35 million plus an additional $880,000 for postclosure work. Of these totals, the city must pay $49.500 on December 31 of each year for preliminary closure work. At the end of 2017, the landfill reached 2 percent of capacity. At the end of 2018. the landfill reached 10 percent of capacity. Also at the end of 2018. a reassessment is made; total closure costs are determined to be $1.55 million rather than $1.35 million. points a. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on the government-wide financial statements? b. Assuming that the landfill is reported within the general fund, what joumal entries are made in 2017 and 2018 on the government- wide financial statements? c. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on fund financial statements? d. Assuming that the landfill is reported within the general fund, what joumal entries are made in 2017 and 2018 on fund financial statements? References Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on fund financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record entry to recognize the Year 1 portion of total costs for eventual closure of landfill - Enterprise. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2017 Record entry Clear entry View general journal Ch 12 P-27 0 On January 1, 2017, the City of Hastings created a solid waste landfill that it expects to reach capacity gradually over the next 20 years. If the landfill were to be closed at the current time, closure costs would be approximately $1.35 million plus an additional $880.000 for postclosure work. Of these totals, the city must pay $49.500 on December 31 of each year for preliminary closure work. At the end of 2017, the landfill reached 2 percent of capacity. At the end of 2018, the landfill reached 10 percent of capacity. Also at the end of 2018, a reassessment is made; total closure costs are determined to be $1.55 million rather than $1.35 million. points a. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on the government-wide financial statements? b. Assuming that the landfill is reported within the general fund, what journal entries are made in 2017 and 2018 on the government- wide financial statements? c. Assuming that the landfill is viewed as an enterprise fund, what journal entries are made in 2017 and 2018 on fund financial statements? d. Assuming that the landfill is reported within the general fund, what joumal entries are made in 2017 and 2018 on fund financial statements? References Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Assuming that the landfill is reported within the general fund, what journal entries are made in 2017 and 2018 on fund financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet