Home / Questions / Based upon the flow information provided below for the year ending December 31, 2011, pre

Based upon the flow information provided below for the year ending December 31, 2011, pre

 Based upon the flow information provided below for the year ending December 31, 2011, prepare a cash flow statement for the Downtown City Motor Pool, an internal service fund.

 

Cash received from customers$830,000

Cash received from General Fund (noncapital loan)20,000

Interest revenue received1,000

Cash received from short-term note payable (not used for capital assets)              40,000

Payments to employees450,000

Payments to suppliers250,000

Cash paid to the General Fund - noncapital loan65,000

Payments for capital improvements60,000

Interest paid on short-term note payable above2,000

Principal paid on capital debt50,000

Interest paid on capital debt

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