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: Debits Credits Cash $ 337,000 Customer accounts receivable 204,200 Allowance for uncollectible accounts $ 30,700 Materials and supplies 122,800 Restricted assets (cash) 255,000 Utility plant in service 7,007,000 Accumulated depreciation-utility plant 2,607,000 Construction work in progress 107,000 Accounts payable 128,400 Accrued expenses payable Revenue bonds payable Net position Totals 80,300 3,507,000 1,679,600 $8,033,000 $8,033,000 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 $1,386,000; billings to the General Fund amounted to $112,000. 3. Liabilities for the following were recorded during the year: