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This is all the info I was given 5. On July 5, 2020, the City of Conor opens a new landfill. The engineers estimate that
This is all the info I was given
5. On July 5, 2020, the City of Conor opens a new landfill. The engineers estimate that at the end of 10 years the landfill will be full. Estimated costs to close the landfill are currently at $2,750,000. In December of 2020, the city makes a payment on the closing costs of $60,000. At the end of 2020, the City of Conor estimates that the landfill is 4% filled. Required: a. Prepare any journal entries required for the Government- wide financial statements. b. Prepare any journal entries required for the Fund-based financial statements, assuming that the City accounts for the landfill in the General Fund. c. Prepare any journal entries required for the Fund-based financial statements, assuming that the City accounts for the landfill in an Enterprise FundStep by Step Solution
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