Question
I need help please...i am taking my accounting 567, week 6 quiz
Internal Service Fund, Statement of Cash Flows. Prepare a statement of cash flows for the internal
service fund for the city of Pearman from the following information:
Cash on hand at the beginning of the year $185
Interest on investments 244
Wages and salaries paid (3,120)
Purchases of supplies (1,250)
Collections (for services) from other funds 6,000
Interest paid on long-term debt (215)
Repayment of loans from other funds (715)
Purchase of capital assets (920)
Proceeds of revenue bonds 920
Purchase of investments (475)
Proceeds from sale of capital assets 36
Proceeds from sale of investments 55
Loans from other funds 575
(Points : 40)
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Subject:
Accounting, Business
