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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
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:
Required:
Prepare journal entries for this operation for the following transactions. Also prepare any necessary adjusting entries at the end
of the year.
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