The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Cash Customer accounts receivable Allowance for uncollectible accounts Materials and supplies Restricted assets (cash) Utility plant in service Accumulated depreciation-utility plant Construction work in progress Accounts payable Accrued expenses payable Revenue bonds payable Net position Totals Debits $ 347,000 Credits 210,200 $ 31,700 130,400 265,000 7,027,000 2,627,000 117,000 140,400 92,000 3,527,000 $8,096,600 1,678,500 $8,096,600 During the year ended June 30, 2020, the following transactions and events occurred in the Town of Weston Water Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Billings to nongovernmental customers for water usage for the year amounted to $1,455,000; billings to the General Fund amounted to $123,000. 3. Liabilities for the following were recorded during the year: Materials and supplies Costs of sales and services Administrative expenses Construction work in progress $212,000 386,000 216,000 235,000 4. Materials and supplies were used in the amount of $311,000, all for costs of sales and services. 5. After collection efforts were unsuccessful, $15,400 of old accounts receivable were written off. 6. Accounts receivable collections totaled $1,558,000 from nongovernmental customers and $52,600 from the General Fund. 7. $1,124,600 of accounts payable were paid in cash. 8. One year's Interest in the amount of $190,400 was paid. 9. Construction was completed on plant assets costing $265,000; that amount was transferred to Utility Plant In Service. 10. Depreciation was recorded in the amount of $275,100. 11. The Allowance for Uncollectible Accounts was Increased by $11,000. 12. As required by the loan agreement, cash in the amount of $117,000 was transferred to Restricted Assets for eventual redemption of the bonds. 13. Accrued expenses, all related to costs of sales and services, amounted to $115,000. 14. Nominal accounts for the year were closed.