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:

January1Receive unrestricted funds of $225,000 from the general fund as permanent financing.Febrauary1Borrow an additional $144,000 from a local bank at a 12 percent annual interest rate.March1Order a truck at an expected cost of $155,000.April1Receive the truck and make full payment. The actual cost including transportation was $159,800. The truck has a 10-year life and no residual value. The county uses straight-line depreciation.May1Receive a $24,100 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.June1Rent a garage for the truck at a cost of $1,250 per month. The county pays 12 months of rent in advance. The contract has no provisions for extensions or purchases.July1Charge citizens $13,500 for services. Of this amount, $11,500 is collected.August1Make a $13,500 cash payment on the 12 percent note of February 1. This payment covers both interest and principal.September1Pay salaries of $20,600 using the grant money received on May 1.October1Pay truck maintenance costs of $3,350.November1Pay additional salaries of $14,200, first using the rest of the grant money received May 1.December31Send invoices totaling $24,900 to customers for services during the past six months. Collect $3,800 of the cash immediately.December31A 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 $3.8 million, although no payments will be made for approximately nine years.

Prepare journal 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.)