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Preparing a cash flows statement

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Internal Service Fund, Statement of Cash Flows.
Prepare a statement of cash flows for the internal service fund for the city from the following information:

Cash on hand at the beginning of the year $160
Interest on investments 201
Wages and salaries paid (2,950)
Purchases of supplies (1,210)
Collections (for services) from other funds 5,790
Interest paid on long-term debt (185)
Repayment of loans from other funds (680)
Purchase of capital assets (870)
Proceeds of revenue bonds 870
Purchase of investments (430)
Proceeds from sale of capital assets 28
Proceeds from sale of investments 49
Loans from other funds 520

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Solution Summary

The expert prepares a cash flow statement for internal services.

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