Statement of cash flows for the internal service fund

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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 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

Reference no: EM131264917

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