Following is the June 30, 2022, statement of net position for the City of Bay Lake Water Utility Fund. CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2022 Assets Current assets: Cash and investments $ 1,776,396 Accounts receivable (net of $13,376 provision for uncollectible accounts) 307,076 Accrued utility revenue 500,100 Due from General Fund 29,317 Interest receivable 82,017 Total current assets 2,694,906 Restricted assets: Cash 9,201 Capital assets: Land $ 1,782,497 Buildings (net of $3,422,984 in accumulated depreciation) 5,218,959 Machinery and equipment (net of $5,134,408 in accumulated depreciation) 8,495,811 Total capital assets (net) 15,497,267 Total Assets 18,201,374 Liabilities Current liabilities: Accounts payable 532,492 Interest payable 131,883 Current portion of long-term debt 408,000 Total current liabilities 1,072,375 Liabilities payable from restricted assets: Customer deposits 9,201 Long-term liabilities: Revenue bond payable 11,832,000 Total Liabilities 12,913,576 Net Position Net investment in capital assets 3,244,334 Unrestricted 2,043,464 $ 5,287,798 Following is the information of the Water Utility Fund for fiscal year 2023. The amount in the Accrued Utility Revenue account was reversed. Billings to customers for water usage during fiscal year 2023 totaled $2,860,657; $185,943 of the total was billed to the General Fund. Cash in the amount of $249,375 was received. The cash was for interest earned on investments and $78,650 in accrued interest. Expenses accrued for the period were management and administration, $345,681; maintenance and distribution, $660,944; and treatment plant, $666,830. Cash receipts for customer deposits totaled $2,331. Cash collections on customer accounts totaled $2,826,977, of which $201,243 was from the General Fund. Cash payments for the period were as follows: Accounts Payable, $1,404,740; interest (which includes the interest payable), $380,253; bond principal, $408,000; machinery and equipment, $595,097; and return of customer deposits, $928. A state grant amounting to $483,336 was received to help pay for new water treatment equipment. Accounts written off as uncollectible totaled $10,189. The utility fund transferred $814,064 in excess operating income to the General Fund. Adjusting entries for the period were recorded as follows: depreciation on buildings was $244,277 and on machinery and equipment was $366,415; the allowance for uncollectible accounts was increased by $15,177; an accrual for unbilled customer receivables was made for $712,392; accrued interest income was $16,129; and accrued interest expense was $62,494. The Revenue Bond Payable account was adjusted by $408,000 to record the current portion of the bond. Closing entries and necessary adjustments were made to the net position accounts. Required a-1. For fiscal year 2023, prepare general journal entries for the Water Utility Fund