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 $ 339,000 205,400 124,000 257,000 7,011,000 $196 900 109,000 $8,045,400 Credits $ 30,900 2,611,000 130,800 80,000

3,511,000 1,681, 700 $8,045,400 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 $1,400,000; billings to the General Fund amounted to $115,000. 3. Liabilities for the following were recorded during the year:

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: 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 $1,400,000; billings to the General Fund amounted to $115,000. 3. Liabilities for the following were recorded during the year: 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: 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 $1,400,000; billings to the General Fund amounted to $115,000. 3. Liabilities for the following were recorded during the year