The Town of Weston has a Water Utility Fund with the following trial balance as of July $1,2023,$ the first day of the fiscal year:

Debits Credits

Cash $ $341,000$

Customer accounts receivable $206,600$

Allowance for uncollectible accounts $ $31,100$

Materials and supplies $125,600$

Restricted assets $($cash$)259,000$

Utility plant in service $7,015,000$

Accumulated depreciation$$utility plant $2,615,000$

Construction work in progress $111,000$

Accounts payable $109,200$

Accrued expenses payable $105,000$

Revenue bonds payable $3,515,000$

Net position $1,682,900$

Totals $ $8,058,200$ $ $8,058,200$

During the year ended June $30,2024,$ the following transactions and events occurred in the Town of Weston Water Utility Fund:

Accrued expenses at July $1$ were paid in cash.

Billings to nongovernmental customers for water usage for the year amounted to $$1,402,000$; billings to the General Fund amounted to $$117,000.$

Liabilities for the following were recorded during the year:

Materials and supplies $ $200,000$

Costs of sales and services $374,000$

Administrative expenses $210,000$

Construction work in progress $229,000$

Materials and supplies were used in the amount of $$291,000,$ all for costs of sales and services.

After collection efforts were unsuccessful, $$14,800$ of old accounts receivable were written off.

Accounts receivable collections totaled $$1,517,000$ from nongovernmental customers and $$50,800$ from the General Fund.

$$1,086,200$ of accounts payable were paid in cash.

One year$$s interest in the amount of $$183,800$ was paid.

Construction was completed on plant assets costing $$259,000$; that amount was transferred to Utility Plant in Service.

Depreciation was recorded in the amount of $$269,100.$

The Allowance for Uncollectible Accounts was increased by $$12,000.$

As required by the loan agreement, cash in the amount of $$111,000$ was transferred to Restricted Assets for eventual redemption of the bonds.

Accrued expenses, all related to costs of sales and services, amounted to $$103,000.$

Nominal accounts for the year were closed.

Required:

Record the transactions for the year in general journal form.

Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position.

Prepare a Statement of Net Position as of June $30,2024.$

Prepare a Statement of Cash Flows for the year ended June $30,2024.$ Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability $($see item $3)$ was paid in entry $7.$ Include restricted assets as cash and cash equivalents.