Reference no: EM131785092

Brown County operates a solid waste landfill for the citizens of the county. The following events occurred during the county's fiscal year ended September 30, 2017.

1. The county paid interest costs of $6,869,000; of this amount, $214,000 was required to be capitalized to construction work in progress. Amortization of bond premiums was $167,000.

2. The county is self-insured through an internal service fund for workers' compensation, automotive and general liability insurance. The Solid Waste Enterprise Fund participates in the county run program, and the amount paid for the year was $1,069,000.

3. The county's recorded value of investments as of September 30, 2017 was $129,638,000. Fair market value was determined to be $133,590,000.

4. The fund bills franchise haulers, and at September 30, 2017, the balance in Accounts Receivable was $4,687,000. The Allowance for Uncollectible Accounts showed a balance of $134,000, but an aging of accounts determined that the balance should be $179,000.

5. The county's landfill has a total space of 54,000 cubic yards (cy). The county has projected that future closure and postclosure care costs will be $60,600,000. The county's estimate of cubic yards consumed as of September 30, 2017, is 13,500 cy. The balance in the liability account for closure and postclosure costs as of September 30, 2016 was $13,350,000.(Hint: The current liability account balance should be subtracted from the total proportion of landfill cubic yards used to arrive at the current year's expense.)

Required

a. Prepare general journal entries to record the Solid Waste Disposal Fund's activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)