Part Three: Please show the journal entries $($with debits and credits$)$ that would be made for

each of the following transactions in a City's Utility Enterprise Fund $-$ for these questions,

assume the fiscal year runs from January $1,2022$ through December $31,2022$: $(10\%$ of points$)$

On January $1,2022,$ a city's utility enterprise fund received delivery of a bucket truck and

an invoice for payment of $$135,000$ due within $30$ days.

On January $15,2022,$ the city's utility enterprise fund paid that invoice in full.

On December $31,2022,$ the city's utility fund received delivery of another bucket truck

and an invoice for payment of $$140,000$ due within $30$ days.

On December $31,2022,$ the city's utility fund sent bills worth $$450,000$ to customers for

utility service provided through that date. The utility expects payment in full, but from

past history, expects that $$75,000$ will be paid after sixty days of year end.

On December $31,2022,$ the city's utility enterprise paid $$475,000$ in principal and

$$225,000$ in interest on a long term revenue bond $($on the day it was due$).$