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Gotham County has a Solid Waste Landfill enterprise fund. Please prepare journal entries for the transactions and events below for the Landfill enterprise fund. Be
Gotham County has a Solid Waste Landfill enterprise fund. Please prepare journal entries for the transactions and events below for the Landfill enterprise fund. Be sure to clearly show computations where computations are involved. 1. Citizens and trash companies dumped 956,000 tons of waste in the landfill, and the landfill charges $7.20 a ton, payable in cash. 2. Diesel fuel purchases for landfill equipment totaled $520,000, paid in cash. 3. The general fund transferred $120,000 to the landfill to assist with landfill operating costs. 4. Depreciation of $250,000 was recorded. 5. The landfill fund purchased equipment, costing $96,000, paying $30,000 cash and the remainder financed with a long-term note payable. 6. Future costs to close the landfill and postclosure care costs are expected to total $96,350,000. Total capacity of the landfill is expected to be 32,000,000 tons of waste. Gotham County has a Solid Waste Landfill enterprise fund. Please prepare journal entries for the transactions and events below for the Landfill enterprise fund. Be sure to clearly show computations where computations are involved. 1. Citizens and trash companies dumped 956,000 tons of waste in the landfill, and the landfill charges $7.20 a ton, payable in cash. 2. Diesel fuel purchases for landfill equipment totaled $520,000, paid in cash. 3. The general fund transferred $120,000 to the landfill to assist with landfill operating costs. 4. Depreciation of $250,000 was recorded. 5. The landfill fund purchased equipment, costing $96,000, paying $30,000 cash and the remainder financed with a long-term note payable. 6. Future costs to close the landfill and postclosure care costs are expected to total $96,350,000. Total capacity of the landfill is expected to be 32,000,000 tons of waste
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