Part B. Enterprise Fund The city water utility is owned and operated by the City of Claire. The water utility fund is an enterprise fund. Prepare Journals to record the following events and transactions in the water utility fund during the current year. 1. At the beginning of the year, reverse the unbilled amount of water sales $47000 recorded at the end of last year. (3 points) 2. The customers opened new accounts and made deposits to the enterprise fund during the year by $18,000 (3 points) 3. Collection efforts were discontinued on bills amounting to $2,100; the customers owing the bills had paid deposits to the water utility in the amount of $850. Apply the deposit to the customer receivable (3 points) 4 At the end of the year, adjunt the net position.net investment in capital assets to reflect a decrease of the account balance by $218,000 during the year (3 points)