Presented below is the adjusted trial balance for the Water Enterprise Fund of the City of Delray Dunes at December 31, 2009, the end of the fiscal year. Based on this information:

a. prepare the entry necessary to close the accounts

b. compute the ending balances for (1) net assets invested in capital assets, net of related debt, (2) restricted net assets, and (3) unrestricted net assets

Debt related to the capital assets consists solely of the revenue bonds payable.

City of Delray Dunes Water Enterprise Fund Adjusted Trial Balance December 31, 2009
Cash and cash equivalents	$ 860,750
Cash, restricted	47,500
Investments	2,037,000
Due from other funds	595,000
Land	976,000
Machinery and equipment	2,264,000
Accumulated depreciation, machinery and equipment		$ 1,840,000
Buildings	2,058,000
Accumulated depreciation, buildings		933,000
Accounts payable		398,250
Revenue bonds payable, current portion		50,000
Revenue bonds payable, noncurrent portion		1,650,000
Net assets		4,027,640
Revenues - charges for services		3,608,000
Revenues - other		61,200
Operating expenses - purchase of water	2,389,000
Operating expenses - materials and supplies	276,000
Operating expenses - personal services	827,195
Operating expenses - depreciation	253,000
Nonoperating revenues - investment revenues		29,680
Nonoperating expenses - interest	14,325
	$12,597,770	$12,597,770

Closing Entry