Augusta has a municipal water and gas utility district (MUD). The trial balance on January 1, 20X1, follows:

Debit Credit

Cash $ 92,700

Accounts Receivable 26,500

Inventory of Supplies 9,400

Land 120,100

Plant and Equipment 492,000

Accumulated Depreciation $ 80,700

Vouchers Payable 15,500

Bonds Payable, 6% 518,000

Net Position:

Invested in Capital Assets, Net of Related Debt 13,400

Unrestricted 113,100

Total $ 740,700 $ 740,700

Additional Information for 20X1:

Charges to customers for water and gas were $421,700; collections were $433,000.

A loan of $31,080 for two years was received from the general fund.

The water and gas lines were extended to a new development at a cost of $75,700. The contractor was paid.

Supplies were acquired from central stores (internal service fund) for $12,800. Operating expenses were $329,200, and interest expense was $31,080. Payment was made for the interest and the payable to central stores, and $325,500 of the vouchers were paid.

Adjusting entries were as follows: estimated uncollectible accounts receivable, $6,900; depreciation expense, $33,500; and supplies expense, $16,400.

Required:

a. Prepare entries for the MUD enterprise fund for 20X1 and closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.). Parts A-D Entries ARecord the charges to customers.

BRecord the collections on account.

CRecord the receipt of loan from the General Fund.

DRecord the extension of the water and gas lines.