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please solve part D The Town of Weston has a Water Ublity Fund with the following trial balance as of July 1, 2019, the first

please solve part D
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The Town of Weston has a Water Ublity Fund with the following trial balance as of July 1, 2019, the first doy of the fiscal year: Duting the year ended June 30,2020 , the following transoctions and eveng occurred in the Town of Weston Wator Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Bdlings to nongovernmental customers for watef usage for the year amounted to $1,387,000; bilings to the Genoral Fund amounted to $114,000. 3. Liabildies for the following were recorded during the year: During the year ended June 30,2020 , the following transactions and events occurred in the Town of Weston Water Utity Fund: 1. Acerued expenses at duly 1 were paid in cosh. 2. Bidings to nongoveinmental customers for water usage for the year amounted to 51.387000 , billings to the General Fund amounted to $174,000 3. Lisbilities far the following were recorded doting the year 4. Materials and supplies were used in the amount of $284,000, ali for costs of sabes and services. 5. Aher cotlection eftorts were unsuccesstv, $14,500 of oid accounts receivabie were whithen of 900 from the Generai fund 7. $1,067,000 of accounts payable were pald in cash. 8. One years inerent in the amount of $180,500 was poid. 9. Construction was complesed on plant assets costing $2.56,000, that amount was transfered to Uesty Plart in Service 10. Depreciation was recorded in the smount of $266,100 11. The Allowance for Uncollecbbie Accounts was inereased by $10.000 12. As required by the loan agreement, cash in the amount of $108,000 was bansfened to Restricted Assots for eventual redemption of the bonds. 13. Accrued expenses, al related to costs of sales and services, amounted to $97000. 14. Nominal accounts for the year were ciosed. 14. Norminal accounts for the year were closed. Required: a. Record the transactions for the year in general journal form b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Pesition. c. Prepare a Statement of Net Position as of June 30,2020 d. Prepare a Statement of Cash Flows for the year ended June 30, 2020. Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability (see itom 3) was paid in entry 7 include restricted assets as cash and cask equivalents. In the reconciliotion, assume the Accounts Recelvable is netted against the Allowance account. Complete this question by entering your answers in the tabs below. Prepare a 5tatement of Cash Flows for the year ended June 30, 2020. Assum al debt and interest are related to capital outlay. Assume the entire construction work in progress rability (see item 3) was paid in entry ?. Include restricted assets as cash and cash equivalents. (Deductions should be entered as a negative ainount.) 1 The Town of Weston has a Water Ublity Fund with the following trial balance as of July 1, 2019, the first doy of the fiscal year: Duting the year ended June 30,2020 , the following transoctions and eveng occurred in the Town of Weston Wator Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Bdlings to nongovernmental customers for watef usage for the year amounted to $1,387,000; bilings to the Genoral Fund amounted to $114,000. 3. Liabildies for the following were recorded during the year: During the year ended June 30,2020 , the following transactions and events occurred in the Town of Weston Water Utity Fund: 1. Acerued expenses at duly 1 were paid in cosh. 2. Bidings to nongoveinmental customers for water usage for the year amounted to 51.387000 , billings to the General Fund amounted to $174,000 3. Lisbilities far the following were recorded doting the year 4. Materials and supplies were used in the amount of $284,000, ali for costs of sabes and services. 5. Aher cotlection eftorts were unsuccesstv, $14,500 of oid accounts receivabie were whithen of 900 from the Generai fund 7. $1,067,000 of accounts payable were pald in cash. 8. One years inerent in the amount of $180,500 was poid. 9. Construction was complesed on plant assets costing $2.56,000, that amount was transfered to Uesty Plart in Service 10. Depreciation was recorded in the smount of $266,100 11. The Allowance for Uncollecbbie Accounts was inereased by $10.000 12. As required by the loan agreement, cash in the amount of $108,000 was bansfened to Restricted Assots for eventual redemption of the bonds. 13. Accrued expenses, al related to costs of sales and services, amounted to $97000. 14. Nominal accounts for the year were ciosed. 14. Norminal accounts for the year were closed. Required: a. Record the transactions for the year in general journal form b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Pesition. c. Prepare a Statement of Net Position as of June 30,2020 d. Prepare a Statement of Cash Flows for the year ended June 30, 2020. Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability (see itom 3) was paid in entry 7 include restricted assets as cash and cask equivalents. In the reconciliotion, assume the Accounts Recelvable is netted against the Allowance account. Complete this question by entering your answers in the tabs below. Prepare a 5tatement of Cash Flows for the year ended June 30, 2020. Assum al debt and interest are related to capital outlay. Assume the entire construction work in progress rability (see item 3) was paid in entry ?. Include restricted assets as cash and cash equivalents. (Deductions should be entered as a negative ainount.) 1

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