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please help with questions marked incorrect The County of Maxnell decides to create a waste management department and offer its services to the public for

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The County of Maxnell decides to create a waste management department and offer its services to the public for a fee. As a result, county officials plan to account for this activity as an enterprise fund. Assume the Information is gathered so that the county can prepare fund financial statements. Only entries for the waste management department are required here: January 1 Receive unrestricted funds of $162,880 from the general fund as permanent financing. Febrauary 1 Borrow an additional $120,eee from a local bank at a 12 percent annual interest rate. March 1 Order a truck at an expected cost of $114,5ee. April 1 Receive the truck and make full payment. The actual cost including transportation was $115,6ee. The truck has a 19- year life and no residual value. The county uses straight-line depreciation. May 1 Receive a $23,888 cash grant from the state to help supplement the pay of the department workers. According to the grant, the money must be used for that purpose. June 1 Rent a garage for the truck at a cost of $1,380 per month. The county pays 12 months of rent in advance. The contract has no provisions for extensions or purchases. July 1 Charge citizens $16,389 for services. Of this amount, $12,4ee is collected. August 1 Make a $12,880 cash payment on the 12 percent note of February 1. This payment covers both interest and principal. September 1 Pay salaries of $20,20e using the grant money received on May 1. October 1 Pay truck maintenance costs of $2,288. November 1 Pay additional salaries of $18,780, first using the rest of the grant money received May 1. December 31 Send invoices totaling $24,488 to customers for services during the past six months. Collect $5,5ee of the cash immediately. December 31 A new government landfill opened this year. At the end of the year, it is 12 percent filled. The estimated current cost for the eventual closure of this facility is $2.7 million, although no payments will be made for approximately nine years. Prepare joumal entries for this operation for the following 2020 transactions. Also prepare any necessary adjusting entries at the end of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in millions.) Answer is complete but not entirely correct. No General Journal Credit Date 01/01/2020 Debit 162,000 1 Cash Capital contributions O 162,000 2 02/01/2020 120.000 Cash Notes payable OO 120,000 3 3 03/01/2020 No journal entry required 4 04/01/2020 Truck 115,000 Cash 115,000 5 05/01/2020 23,800 Cash Deferred revenue OO 23,800 8 08/01/2020 15,600 Prepaid rent Cash 15,800 7 07/01/2020 16,300 Accounts receivable Revenue-services 16,300 8 07/01/2020 12,400 Cash Accounts receivable 12,400 9 08/01/2020 Interest expense Notes payable Cash OOO 7,200 4,800 12,000 > 10 09/01/2020 20,200 Salaries expense Cash 20,200 11 09/01/2020 o 20,200 Deferred revenue Revenue-grant 00 20,200 12 10/01/2020 2,200 Maintenance expense Cash 2 200 13 11/01/2020 18,700 Salaries expense Cash slo 18.700 14 11/01/2020 3,600 Deferred revenue Revenue-grant slo 3,800 15 12/31/2020 Accounts receivable Revenue-services slo 24,400 24,400 16 12/31/2020 5,500 Cash Accounts receivable slo 5,500 17 12/31/2020 12,672 X Interest expense Interest payable DO 12,672 18 12/31/2020 8,625 Depreciation expense Accumulated depreciation 8,625 19 12/31/2020 9,100 Rent expense Prepaid rent 9.100 20 12/31/2020 2,700,000 x Landfill closure ability Expense-landfill closure > 2,700,000 >

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