1. prepare general journal entries for the water utility fund.

2. prepare closing entries

Followinn is the hine anhn>3 Following is the information of the Woter Uulity Fund for fiscal yeor 2023. 1. The amount in the Accrued Utily Revenue account was reversed 2. Billings to customers for woter usage during fiscal year 2023 totaled $2,982.557,$193.866 of the total was biled to the General Fund. 3. Cash in the amount of $260,000 was recelved. The cash was for interest earned on investments and $82,000 in accrued interest 4. Expenses accrued for the period were management and administration, $360,408, maintenance ond distribution. $689,103, and treatment plant, $695,237 5. Cash receipts for customer deposits totaled $2.427 6. Cash collections on customer accounts totaled $2.943.401, of which $209.531 was from the General Fund. 7. Cash payments for the period were as follows: Accounts Payable, $1.462.596. interest (which includes the interest payable), $395,917 bond principal, $400,000; machinery and equipment. $583.425; ond retum of customer Following is the information of the Water Utility Fund for fiscal year 2023 1. The amount in the Accrued Utility Revenue account was reversed 2. Billings to customers for water usage during fiscal year 2023 totaled $2,982.557,$193,866 of the total was billed to the General Fund. 3. Cash in the amount of $260,000 wos received. The cash was for interest earned on investments and $82,000 in accrued interest 4. Expenses accrued for the period were management and administration, $360408; maintenance and distribution. $689,103; and treatment plant, $695,237 5. Cash receipts for customer deposits totaled $2.427 6. Cash collections on customer accounts totaled $2.943.401 of which $209.531 was from the General Fund: 7. Cash payments for the period were as follows: Accounts Payable, 51,462,596, interest iwhich includes the interest payoble), $395,917; bond principal, $400,000; machinery and equipment, $583,425, and return of customer deposits, $912 8. A state grant amounting to $475,000 was received to help poy for new woter treatment equipment: 9 Accounts written off as uncollectible totaled $10.013 10. The utility fund transferred $800,000 in excess operating income to the General Fund. 11. Adjusting entries for the period were recorded as follows depreciation on bulidings wos $240,053 and on machinery and equipment was $360,079; the allowance for uncollectible accounts was increased by $14,913; an accrual for unbilled customer recelvables was made for $700.000, accrued interest income was $15,849, and accrued interest expense was $61.406 12. The Revenue Bond Payable account was adjusted by $400p000 to record the current portion of the bond 13. Closing entries and necessary adjustments were made to the net position accounts. Followinn is the hine anhn>3 Following is the information of the Woter Uulity Fund for fiscal yeor 2023. 1. The amount in the Accrued Utily Revenue account was reversed 2. Billings to customers for woter usage during fiscal year 2023 totaled $2,982.557,$193.866 of the total was biled to the General Fund. 3. Cash in the amount of $260,000 was recelved. The cash was for interest earned on investments and $82,000 in accrued interest 4. Expenses accrued for the period were management and administration, $360,408, maintenance ond distribution. $689,103, and treatment plant, $695,237 5. Cash receipts for customer deposits totaled $2.427 6. Cash collections on customer accounts totaled $2.943.401, of which $209.531 was from the General Fund. 7. Cash payments for the period were as follows: Accounts Payable, $1.462.596. interest (which includes the interest payable), $395,917 bond principal, $400,000; machinery and equipment. $583.425; ond retum of customer Following is the information of the Water Utility Fund for fiscal year 2023 1. The amount in the Accrued Utility Revenue account was reversed 2. Billings to customers for water usage during fiscal year 2023 totaled $2,982.557,$193,866 of the total was billed to the General Fund. 3. Cash in the amount of $260,000 wos received. The cash was for interest earned on investments and $82,000 in accrued interest 4. Expenses accrued for the period were management and administration, $360408; maintenance and distribution. $689,103; and treatment plant, $695,237 5. Cash receipts for customer deposits totaled $2.427 6. Cash collections on customer accounts totaled $2.943.401 of which $209.531 was from the General Fund: 7. Cash payments for the period were as follows: Accounts Payable, 51,462,596, interest iwhich includes the interest payoble), $395,917; bond principal, $400,000; machinery and equipment, $583,425, and return of customer deposits, $912 8. A state grant amounting to $475,000 was received to help poy for new woter treatment equipment: 9 Accounts written off as uncollectible totaled $10.013 10. The utility fund transferred $800,000 in excess operating income to the General Fund. 11. Adjusting entries for the period were recorded as follows depreciation on bulidings wos $240,053 and on machinery and equipment was $360,079; the allowance for uncollectible accounts was increased by $14,913; an accrual for unbilled customer recelvables was made for $700.000, accrued interest income was $15,849, and accrued interest expense was $61.406 12. The Revenue Bond Payable account was adjusted by $400p000 to record the current portion of the bond 13. Closing entries and necessary adjustments were made to the net position accounts