EX. 9.7 The insurance expense recognized by an enterprise fund depends on the type of carrier. The water and wastewater utility (enterprise) funds of three cities each paid $1 million in casualty insurance premiums. City A is insured by a small independent insurance company. City B is self-insured and accounts for its insurance activities in an internal service fund, City C is self-insured and accounts for its insurance activities in its general fund. Each of the insurers collected a total of $10 million in premiums from all the parties that it insures, including the city utility funds. Or this amount, each paid out $8 million in actual claims. The balance was held in reserve for major catastrophes. Prepare the journal entry that each of the three utility funds should make to record its insurance payment and expense for the year. Comment on any differences. EX. 9-8 Landfill expenses depend on estimates that may change from year to year. In 2020 Marquette County opened a landfill that was expected to accept waste for four years. The fol lowing table indicates the estimates county officials made at the end of each of the four years: Total Capacity (millions of Capacity Used This Year Expected Closure Costs Year cubic feet) (millions of cubic feet) (millions of dollars) 2020 10 4 $ 8 2021 10 2 $ 9 2022 12 2 $10 2023 12 4 $10 Determine the total expected closure costs ($10 million) that should be assigned to each of the years that the landfill accepts waste