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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 os an enterprise fund. Assume the information is gathered so that the county can prepare fund financial statements. Only entries for the waste manogement department are required here: January 1 Recelve unrestricted funds of $245,000 from the general fund as permanent financing Fetrauary 1 Borrow an add lisonal $152000 froma local bank at a 12 perceat annual interest rate. March 1 Grder a truck at an evpected cost of $145,500. lise depreclation. J uly 1 Charge citizens $19,900 for services of this amount. $16,900 is collected. August 1 Make a 11,000 eath payment on the 12 percent note of February 1. This payment covers both interest and principal September 1 Pay salaries of $11,300 asing the grant monny recelved on May 1. October -1 Pay truck main tenance costs of $1,200. November 1 Pay additional salaries of $15,600. first using the rest of the grant inariey recelved May 1 . Deceatber 31 seed ievoices totalis $25,600 to customers for services dariag the past siknonths Collect 52,400 of the cash intmediately. although no pagments will be made for approximateby nthe yearm. Prepare journal entries for this operation for the following 2020 transactions. Also prepare any necessary acjusting entries at the end of the year. (If no entry is required for o transoction/event, select "No journal entry required" in the first account field, Enter your answers in whole dollors and not in millions.) Journal entry worksheet

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