Cash Accounts Receivable Inventory of Supplies Land Plant and Equipment Accumulated Depreciation Vouchers Payable: ed Bonds Payable, 5% Net Position: Invested in Capital Assets, Net of Related Debt Unrestricted k Total Debit $ 92,900 25,200 8,400 121,100 487,000 Credit $ 81,300 15,700 509,000 17,800 110,800 $734,600 $734,600 Additional Information for 20X1: 1. Charges to customers for water and gas were $421,100; collections were $433,300. 2. A loan of $25,450 for two years was received from the general fund. 3. The water and gas lines were extended to a new development at a cost of $76,500. The contractor was paid. 4. Supplies were acquired from central stores (internal service fund) for $14,000. Operating expenses were $329,300, and interest expense was $25,450. Payment was made for the interest and the payable to central stores, and $326,900 of the vouchers were paid. 5. Adjusting entries were as follows: estimated uncollectible accounts receivable, $6,900; depreciation expense, $32,800; and supplies expense, $16,800. 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.), Assets MUD Enterprise Fund Statement of Net Position December 31, 20X1 0 0 Total Assets $ 0 Liabilities Total Liabilities $ 0 es Total Assets Liabilities Total Liabilities Net Position: Total Net Position $ 60 $ O $ 0 c. Prepare a statement of revenues, expenses, and changes in fund net position for 20X1. Assume that the $509,000 of the 5 percent bonds is related to the net capital assets of land and of plant and equipment. Revenue: AUGUSTA MUD Enterprise Fund Statement of Revenue. Expenses, and Changes in Fund Net Position For Fiscal Year Ended December 31, 20X1 Expenses 0 $ 0 Non operating Expense: Non operating Expense: FA $ Net Position, January 1 Net Position, December 31 $ 0 0 0 $ 0 3. Ded ok ces AUGUSTA MUD Enterprise Fund Statement of Cash Flows For the Year Ended December 31, 20X1 Cash Flows from Operating Activities: Cash Flows from Noncapital Financing Activities Cash Flows from Capital and Related Financing Activities: 0 0 Cash Flows from Capital and Related Financing Activities: Cash Flows from Investing Activities: Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Change in Assets and Liabilities: 0 0 0 $ 0 Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Change in Assets and Liabilities: Total Adjustments 0 0 $ 0