1. Accrued expenses at July 1 were paid in cash. 2. Billings to nongovernmental customers for water usage for the year amounted to $1,465,000; billings to the General Fund amounted to $124,000. 3. Liabilities for the following were recorded during the year: Materials and supplies Costs of sales and services Administrative expenses Construction work in progress $214,000 388,000 217,000 236,000 4. Materials and supplies were used in the amount of $312,000, all for costs of sales and services. 5. After collection efforts were unsuccessful, $15,500 of old accounts receivable were written off. 6. Accounts receivable collections totaled $1,569,000 from nongovernmental customers and $52,900 from the General Fund. 7. $1,131,000 of accounts payable were paid in cash. 8. One year's interest in the amount of $191,500 was paid. 9. Construction was completed on plant assets costing $266,000; that amount was transferred to Utility Plant in Service. 10. Depreciation was recorded in the amount of $276,100. 11. The Allowance for Uncollectible Accounts was increased by $12,000. 12. As required by the loan agreement, cash in the amount of $118,000 was transferred to Restricted Assets for eventual redemption of the bonds. 13. Accrued expenses, all related to costs of sales and services, amounted to $117,000. 14. Nominal accounts for the year were closed. Required: a. Record the transactions for the year in general journal form. b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position. c. Prepare a Statement of Net Position as of June 30, 2020. d. Prepare a Statement of Cash Flows for the year ended June 30, 2020. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Record the transactions for the year in general journal form. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Required A Required B Required C Required D Record the transactions for the year in general journal form. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet