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    Prepare a Statement of Cash Flows for the Village of Parry P

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    6-10. The Village of Parry reported the following for its Print Shop Fund for the
    year ended April 30, 2009.
    VILLAGE OF PARRY-PRINT SHOP FUND
    Statement of Revenues, Expenses, and Changes in Net Assets
    For the Year Ended April 30, 2009
    Operating revenues:
    Charges for services $1,000,000
    Operating expenses:
    Salaries and benefits $500,000
    Depreciation 200,000
    Supplies used 200,000
    Utilities 70,000 970,000
    Income from operations 30,000
    Nonoperating income (expenses):
    Interest revenue 30,000
    Interest expense (50,000) (20,000)
    Net income before transfers 10,000
    Transfers in 180,000
    Changes in net assets 190,000
    Net assets-beginning 1,120,000
    Net assets-ending $1,310,000

    The Print Shop Fund records also revealed the following:
    1. Contribution from Water Utility Fund
    for working capital needs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 80,000
    2. Contribution from General Fund
    for purchase of equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000
    3. Loan from Water Utility Fund
    for purchase of equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000
    4. Purchase of equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (450,000)
    5. Purchase of one-year investments . . . . . . . . . . . . . . . . . . . . . .. (100,000)
    6. Paid off a bank loan outstanding at May 1, 2008 . . . . . . . . . . $50,000
    Paid interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $1,000
    The loan was for short-term operating purposes.
    7. Signed a capital lease on April 30, 2009 . . . . . . . . . . . . . . . . . . . . $42,180

    The following balances were observed in current asset and current liability
    accounts. ( ) denote credit balances:
    5/1/08 4/30/09
    Cash $151,000 $233,000
    Accrued interest receivable 5,000 10,000
    Due from other funds 40,000 50,000
    Accrued salaries and benefits (20,000) (30,000)
    Utility bills payable (4,000) (5,000)
    Accounts payable (30,000) (25,000)
    Accrued interest payable (5,000) (7,000)

    Prepare a Statement of Cash Flows for the Village of Parry Print Shop
    Fund for the Year Ended April 30, 2009. Include the reconciliation of operating
    income to net cash provided by operating activities.

    see attached

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    6-10. The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2009.

    VILLAGE OF PARRY-PRINT SHOP FUND
    Statement of Revenues, Expenses, and Changes in Net Assets
    For the Year Ended April 30, 2009
    Operating revenues:
    Charges for services $1,000,000
    Operating expenses:
    Salaries and benefits $500,000
    Depreciation 200,000
    Supplies used 200,000
    Utilities 70,000 970,000
    Income from operations 30,000
    Nonoperating income (expenses):
    Interest revenue 30,000
    Interest expense (50,000) (20,000)
    Net income before transfers 10,000
    Transfers in 180,000
    Changes in net assets 190,000
    Net assets-beginning 1,120,000
    Net assets-ending $1,310,000

    The Print Shop Fund records also revealed the following:
    1. Contribution from Water Utility Fund
    for working capital needs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 80,000
    2. Contribution from General Fund
    for purchase of equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000
    3. Loan from Water Utility Fund
    for ...

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