The Town of Weston has a Water Utility Fund with the following trial balance as of July $1,2023,$ the first day of the fiscal year:

Debits Credits

Cash $ $347,000$

Customer accounts receivable $210,200$

Allowance for uncollectible accounts $ $31,700$

Materials and supplies $130,400$

Restricted assets $($cash$)265,000$

Utility plant in service $7,027,000$

Accumulated depreciation$$utility plant $2,627,000$

Construction work in progress $117,000$

Accounts payable $115,400$

Accrued expenses payable $117,000$

Revenue bonds payable $3,527,000$

Net position $1,678,500$

Totals $ $8,096,600$ $ $8,096,600$

During the year ended June $30,2024,$ the following transactions and events occurred in the Town of Weston Water Utility Fund:

Accrued expenses at July $1$ were paid in cash.

Billings to nongovernmental customers for water usage for the year amounted to $$1,455,000$; billings to the General Fund amounted to $$123,000.$

Liabilities for the following were recorded during the year:

Materials and supplies $ $212,000$

Costs of sales and services $386,000$

Administrative expenses $216,000$

Construction work in progress $235,000$

Materials and supplies were used in the amount of $$311,000,$ all for costs of sales and services.

After collection efforts were unsuccessful, $$15,400$ of old accounts receivable were written off.

Accounts receivable collections totaled $$1,558,000$ from nongovernmental customers and $$52,600$ from the General Fund.

$$1,124,600$ of accounts payable were paid in cash.

One year$$s interest in the amount of $$190,400$ was paid.

Construction was completed on plant assets costing $$265,000$; that amount was transferred to Utility Plant in Service.

Depreciation was recorded in the amount of $$275,100.$

The Allowance for Uncollectible Accounts was increased by $$11,000.$

As required by the loan agreement, cash in the amount of $$117,000$ was transferred to Restricted Assets for eventual redemption of the bonds.

Accrued expenses, all related to costs of sales and services, amounted to $$115,000.$

Nominal accounts for the year were closed.

Required:

Record the transactions for the year in general journal form.

Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position.

Prepare a Statement of Net Position as of June $30,2024.$

Prepare a Statement of Cash Flows for the year ended June $30,2024.$ Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability $($see item $3)$ was paid in entry $7.$ Include restricted assets as cash and cash equivalents.