You are an Accountant working at the ABC's Enterprise Fund Department. The Enterprise Fund has the following balances at the end of the prior year, June 30, 2000:

		Debits	Credits
Cash		$ 100,000
Customer Accounts Receivable		$ 80,000
Estimated Uncollectible Accounts Receivable			$ 3,000
Inventories		$ 28,000
Advance to Central Shops Fund		$ 30,000
Restricted Assets		$ 115,000
Facilities		$ 4,200,000
Construction in Progress		$ 200,000
Accumulated Depreciation			$ 1,200,000
Accounts Payable			$ 95,000
Revenue Bonds Payable			$ 2,500,000
Net Position			$ 955,000
		$ 4,753,000	$ 4,753,000

Required:

A. Open a general journal for the ABC's Enterprise Fund Department and record the following transactions.

1. During the year, sales to non-government customers amounted to $1,025,000 and sales of water to the General Fund amounted to $37,000. An analysis determined that $4,000 was estimated to be uncollectible.

2. Cash collections from non-government customers amounted to $983,000.

3. The Central Shops Fund repaid $15,000 of the long-term advance to the Enterprise Fund.

4. Inventories of materials and supplies in the amount of $110,000 were received on account.

5. Inventories of materials and supplies were issued from the storeroom in the amount of $90,000.

6. Payroll expenses totaled $400,000, of which $300,000 was paid in cash and the remainder was recorded as payroll taxes payable.

7. Bond interest (6%) in the amount of $162,500 was paid. No principal was due.

8. In accordance with the revenue bond indenture, $25,000 of cash was transferred from operating cash to restricted assets.

9. Construction projects (reflected in the beginning balance of construction in progress) were completed in the amount of $114,000, and the assets were placed in service.

10. Contractual services were purchased on account totaling $225,000.

11. Payment of accounts payable amounted to $332,000. Payments of payroll taxes totaled $95,000.

12. At the end of the year, an analysis was made to capitalize expenses made throughout the year as Construction in Progress. The amounts to be charged to Construction in Progress are $50,000 of Materials and Supplies, $100,000 of payroll expense, and $150,000 of contractual services.

13. Depreciation expense for the year was computed to be $267,000.

B. Post the transactions in T-accounts.

C. Finalize the Financial Statements for the year ended June 30, 2000.