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please help me answer this problem! i need part a-1 and a-2 answered! and i will be sure to give a thumbs up! thank you
please help me answer this problem! i need part a-1 and a-2 answered! and i will be sure to give a thumbs up! thank you :)
Required Informetlon (The foliowing information applies to the questions displdyed below] Foliowing is the infocmation of the Woter Utity Fund for fiscal year 2023 3. The amourt in the Accrued Uuify Revenue account was teversed. ings to customees for water usege during fiscal year 2023 totaled $2,982,557:$193.866 of the total was billed to 3he senelbi fiund 3. Cesh in the amount of 5260.000 wss recelved. The cash was for interest eamed on lnvestments and $82.000 in occraed interest. 4. Eupenses aconued for the period weie management and administretion, $360,408, maintenance and distribution. 5689103 , and tiedthere pient, 5095,237 5 Caph receiges for cuttomer deposts totsied $2.427 6. Cesh coliections of cimpener eccourits totaled 52.943,401, of which 3209.531 was from the General Fund. peyabic 5395.917 , bend privicpel 5400,000, machinery and equipment 5583.425 , ar eeposits, 5912 8. A state gromt emountrip to 5476,000 wos tecetied te helo pay tor new water treatment equ pment. 9. Accoumis writhen off as uncoliectible totaled 510.013 10. The uilicy tund transfeited 5600.000 in exceis operanting inet. 11. Adjusting enties for the Deriod were recorded operating income to the Generat Fund. Gccrualfor unbived customer ieceilgoble. we alowance for uncollectble accounts was increased by 514,913 an scerued intereH expense wab \$61,406 12. The Revenue Bond Pyyable account wat adjusted by $400,000 to record the curtent portion of the bond. 13. Cooing entries and necessery atjwatments were nisde to the net postion accounts a-t For fiscal year 2023, prepare general journal enties for the Water Uvility Fund. (If no entry is required for o transaction/event, select "No Journal Entry Requlred" In the first occount field.) a-2. For fiscal year 2023, prepare closing entries for the Woter Utilty Fund, (If no entry Is requlred for a transactlon/event, select "No Journal Entry Requlred" In the flirst account field.) Journal entry worksheet Record the closure of all revenue and expenses account. Woter titer debits tafore credke. Required Informetlon (The foliowing information applies to the questions displdyed below] Foliowing is the infocmation of the Woter Utity Fund for fiscal year 2023 3. The amourt in the Accrued Uuify Revenue account was teversed. ings to customees for water usege during fiscal year 2023 totaled $2,982,557:$193.866 of the total was billed to 3he senelbi fiund 3. Cesh in the amount of 5260.000 wss recelved. The cash was for interest eamed on lnvestments and $82.000 in occraed interest. 4. Eupenses aconued for the period weie management and administretion, $360,408, maintenance and distribution. 5689103 , and tiedthere pient, 5095,237 5 Caph receiges for cuttomer deposts totsied $2.427 6. Cesh coliections of cimpener eccourits totaled 52.943,401, of which 3209.531 was from the General Fund. peyabic 5395.917 , bend privicpel 5400,000, machinery and equipment 5583.425 , ar eeposits, 5912 8. A state gromt emountrip to 5476,000 wos tecetied te helo pay tor new water treatment equ pment. 9. Accoumis writhen off as uncoliectible totaled 510.013 10. The uilicy tund transfeited 5600.000 in exceis operanting inet. 11. Adjusting enties for the Deriod were recorded operating income to the Generat Fund. Gccrualfor unbived customer ieceilgoble. we alowance for uncollectble accounts was increased by 514,913 an scerued intereH expense wab \$61,406 12. The Revenue Bond Pyyable account wat adjusted by $400,000 to record the curtent portion of the bond. 13. Cooing entries and necessery atjwatments were nisde to the net postion accounts a-t For fiscal year 2023, prepare general journal enties for the Water Uvility Fund. (If no entry is required for o transaction/event, select "No Journal Entry Requlred" In the first occount field.) a-2. For fiscal year 2023, prepare closing entries for the Woter Utilty Fund, (If no entry Is requlred for a transactlon/event, select "No Journal Entry Requlred" In the flirst account field.) Journal entry worksheet Record the closure of all revenue and expenses account. Woter titer debits tafore credke Step by Step Solution
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