Chapter 7 Recording Transactions Affecting the Enterprise Fund and Business-Type Activities The city water utility is owned and operated by the City of Bingham. The water utility was originally constructed and operated by a private corporation, but it was sold to the city 30 years before the year for which transactions are given. The post-closing trial balance of the Water Utility Fund, as of December 31, 2019, follows: City of Bingham Water Utility Fund Trial Balance December 31, 2019 Debits Credits Cash 684,000 Customer Accounts Receivable 160,000 Accumulated Provision for Uncollectible Accounts 9,300 Inventory of Supplies 56,000 Due from Other Funds 54,200 Utility Plant in Service 28,652,800 Accumulated Depreciation - Utility Plant 9,411,300 Construction Work in Progress 2,930,400 Vouchers Payable 115,700 Accrued Interest Payable 250,000 4% Revenue Bonds Payable 12,500,000 Net Position, Net Investment in Capital Assets 9,671,900 Net Position, Unrestricted 579,200 32,537,400 32,537,400 Additional information: The following information is provided about accounts shown on the December 31, 2019 trial balance