*** 10 Stillwater has three enterprise funds: Stillwater Usilities Authority, the Aiport, and the Stillwater Economie 11 Development Authority. The city's only major Enterprise Pund is the Stillwater Utilities Authority. The trial 12 balance for the Stillwater Utilities Authority Enterprise fund on July 1, 2020, follows: 13 14 15 Debit Credit 16 Cash 5,786,446 17 Accounts Receivable 202,526 18 Land 2,012,677 19 Plant and Equipment 10,063,385 20 Accumulated Depreciation 503,1691 21 Vouchers Payable 1,012,6281 22 Bonds Payable 7,233,058 23 Net Position: 24 Invested in Capital Airls Net or Related Debt 4,3192835 25 Unrestricted 4.226,344 26 Total 18,065,034 18,065,034 27 28 1) Charges to customers for water and gas were 5 26,770,000 collections were 25,833,059 29 2) Improvements to infrastructure were made at a total cost of 5 925,83 The contractor was paid. 303) Operating expenses were S 18,203,600 31 Interest expense was S 253,157 32 Payment for both the operating and interest expense totaled S 17,546,577 The interest was paid in full. 33 4) Transfers out to the General fund totaled: 5 4,818,600 Record the interfund receivablo payable before recording the cash transfer 34 5) Adjusting entries were as follows: 35 Estimated uncollectible accounts receivable: 401,550 36 Depreciation expense: 3.640,720 Required: 1. Prepare the transactions entries for the MUD enterprise fund for 2021. (7.5 points) 2. Prepare the adjusting and cloning journal entries for the MUD enterprise fund for 2021. (4.5 polnts) 13. Complete the statement of net position for the fund for December 31, 2021. pont) 4. Prepare a statement of revenons , expenses, and change in fund net position of 2021. Assume that the entire bond outstanding is related to the net capital sets of land and of plant and equipment. (5 pelota) Bonds Payable: $7,233,058 5. Prepare a statement of cub flows for 2021. (5 points) NOTE: If a cell value li ere, do not owe the cellblank-putar Banka will be pradedo ." B A D F G Part 2: Enterprise Fund Entries and Statement Requirement 1: Prepare the transactions entries for the Stillwater Utilities Authority Enterprise Fund for the Fiscal Year End 2021. (7.5 points) Pay. Ch 1 2 3 4 5 Cash Accounts Receivable Allowance for Uncollectibles Land Plant and Equipment Accumulated Depreciation Vouchers Payable Contracts Payable Bonds Payable Interest Payable 6 7 8 9 0 1 Tab 2 Pt 2 Reg. 1.9.5 pts Tab 3 2R 2.7 points Tab 4-Pt 2 Reg: 3,5 points Tab 5 Pt 2 Reg4,5 points Tab 5.Pt 2 Reg. 5,5 Payne County MUD Chart of Accounts Cash Accounts Receivable Allowance for Uncollectibles Land Plant and Equipment Accumulated Depreciation Vouchers Payable Contracts Payable Bonds Payable Interest Payable Revenuc Other Financing Use - Transfer Out Depreciation Expense Operating Expenses Interest Expense Profit and Loss Summary Net Position - Unrestricted Net Position - Invested in Capital Assets, Net of Related Debt Part 2: Enterprise Fund Entries and Statement Requirement 2: Prepare adjusting and closing entries for the Stilwater Utilities Authority Enterprise Fund for the Fiscal Year End 2021.( Note: Adjusting and Closing Entries 1 Part 2: Enterprise Fund Entries and Statement 2 Requirement 3: Complete the statement of net position for the Stillwater Utilities Authority Enterprise Fund for the Fiscal Year End 2021. (5 points 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Requirement 4 - prepare a statement of revenues, expenses, and changes in fund net position for the period ended June 30, 2021 by filling in the blanks. Assume that the entire bond outstanding is related to the net capital assets of land and of plant and equipment. (5 points) 3 2 1 2 3 4 5 16 7 8 Part 2: Enterprise Fund Entries and Statement Requirement 5 - prepare a statement of cash flows for 2021 by filling in the blanks. (5 points) *** 10 Stillwater has three enterprise funds: Stillwater Usilities Authority, the Aiport, and the Stillwater Economie 11 Development Authority. The city's only major Enterprise Pund is the Stillwater Utilities Authority. The trial 12 balance for the Stillwater Utilities Authority Enterprise fund on July 1, 2020, follows: 13 14 15 Debit Credit 16 Cash 5,786,446 17 Accounts Receivable 202,526 18 Land 2,012,677 19 Plant and Equipment 10,063,385 20 Accumulated Depreciation 503,1691 21 Vouchers Payable 1,012,6281 22 Bonds Payable 7,233,058 23 Net Position: 24 Invested in Capital Airls Net or Related Debt 4,3192835 25 Unrestricted 4.226,344 26 Total 18,065,034 18,065,034 27 28 1) Charges to customers for water and gas were 5 26,770,000 collections were 25,833,059 29 2) Improvements to infrastructure were made at a total cost of 5 925,83 The contractor was paid. 303) Operating expenses were S 18,203,600 31 Interest expense was S 253,157 32 Payment for both the operating and interest expense totaled S 17,546,577 The interest was paid in full. 33 4) Transfers out to the General fund totaled: 5 4,818,600 Record the interfund receivablo payable before recording the cash transfer 34 5) Adjusting entries were as follows: 35 Estimated uncollectible accounts receivable: 401,550 36 Depreciation expense: 3.640,720 Required: 1. Prepare the transactions entries for the MUD enterprise fund for 2021. (7.5 points) 2. Prepare the adjusting and cloning journal entries for the MUD enterprise fund for 2021. (4.5 polnts) 13. Complete the statement of net position for the fund for December 31, 2021. pont) 4. Prepare a statement of revenons , expenses, and change in fund net position of 2021. Assume that the entire bond outstanding is related to the net capital sets of land and of plant and equipment. (5 pelota) Bonds Payable: $7,233,058 5. Prepare a statement of cub flows for 2021. (5 points) NOTE: If a cell value li ere, do not owe the cellblank-putar Banka will be pradedo ." B A D F G Part 2: Enterprise Fund Entries and Statement Requirement 1: Prepare the transactions entries for the Stillwater Utilities Authority Enterprise Fund for the Fiscal Year End 2021. (7.5 points) Pay. Ch 1 2 3 4 5 Cash Accounts Receivable Allowance for Uncollectibles Land Plant and Equipment Accumulated Depreciation Vouchers Payable Contracts Payable Bonds Payable Interest Payable 6 7 8 9 0 1 Tab 2 Pt 2 Reg. 1.9.5 pts Tab 3 2R 2.7 points Tab 4-Pt 2 Reg: 3,5 points Tab 5 Pt 2 Reg4,5 points Tab 5.Pt 2 Reg. 5,5 Payne County MUD Chart of Accounts Cash Accounts Receivable Allowance for Uncollectibles Land Plant and Equipment Accumulated Depreciation Vouchers Payable Contracts Payable Bonds Payable Interest Payable Revenuc Other Financing Use - Transfer Out Depreciation Expense Operating Expenses Interest Expense Profit and Loss Summary Net Position - Unrestricted Net Position - Invested in Capital Assets, Net of Related Debt Part 2: Enterprise Fund Entries and Statement Requirement 2: Prepare adjusting and closing entries for the Stilwater Utilities Authority Enterprise Fund for the Fiscal Year End 2021.( Note: Adjusting and Closing Entries 1 Part 2: Enterprise Fund Entries and Statement 2 Requirement 3: Complete the statement of net position for the Stillwater Utilities Authority Enterprise Fund for the Fiscal Year End 2021. (5 points 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Requirement 4 - prepare a statement of revenues, expenses, and changes in fund net position for the period ended June 30, 2021 by filling in the blanks. Assume that the entire bond outstanding is related to the net capital assets of land and of plant and equipment. (5 points) 3 2 1 2 3 4 5 16 7 8 Part 2: Enterprise Fund Entries and Statement Requirement 5 - prepare a statement of cash flows for 2021 by filling in the blanks. (5 points)