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answer c and d please The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the
answer c and d please The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: During the year ended June 30,2020 , the following transactions and events occurred in the Town of Weston Water Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Bilings to nongovernmental customers for woter usage for the year amounted to $1,387,000; billings to the Generai Fund amounted to $114,000 3. Liabilities for the following were recorded during the year: 4. Materials and supplies were used in the amount of $284,000, all for costs of sales and services: 5. Afer collection efforts were unsuccessful, $14,500 of old accounts receivable were witten oft. 6. Accounts receivable coliections totaled $1,514,000 from nongovernmental customers and $49,900 from the General Fund. 7. $1,067,000 of accounts payable were paid in cash 8. One year's interest in the amount of $180,500 was paid. 9. Construction was completed on plant assets costing $256,000; that amount was transferred to Utility Plant in Service, 10. Depreciation was recorded in the amount of $266,100 11. The Allowance for Uncollectble Accounts was increased by $10,000. 12. As required by the loan agreement, cash in the amount of $108,000 was transferred to Restricted Assets for eventual rodemption of the bonds. 13. Acerued expenses, all related to costs of salos and services, amounted to $97,000. 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 yoar ended June 30, 2020. Assume all debt and intorest are related to copital outay. Assume the entire construction work in progress liability (see item 3) wos paid in entry 7 Include restricted assets as cash and casth equivalents, In the roconciliation, assume the Accounts Receivable is netted against the Allowance occount. Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|c|} \hline Construction Work in Progress & $5,457,100 \\ \hline Total Assets & \\ \hline Liabilities and Fund Equity & \\ \hline Liabilities & \\ \hline Current Liabilities: & \\ \hline & $3,600 \\ \hline Total Current Liabilities & \\ \hline Noncurrent Liabilities: & \\ \hline & $ \\ \hline Total Liabilities and Net Position & \\ \hline Total Liabilities & \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline Cash Flows from Capital and Related Financing Activities: & \\ \hline Interest Paid on Long-Term Debt & (180,500) \\ \hline Acquisition of Capital Assets & (226,000) \\ \hline Net Cash Used for Capital and Related Financing Activities & \\ \hline Cash Flows from Investing Activities: & (406,500) \\ \hline & \\ \hline & \\ \hline Cash and Cash Equivalents Beginning of Year & \\ \hline Cash and Cash Equivalents End of Year & \\ \hline & \\ \hline Reconciliation of Operating Income to Net Cash Provided by Operating Activities: \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}
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