Question

An Enterprise Fund had the following selected accounts from a
Statement of Revenues, Expenses, and Changes in Fund Net Position:
Charges for sales and Services $900,000
Operating Expenses:

Supplies $160,000
Depreciation 75,000

Non-Operating revenues and expenses:

Interest expense $ 85,000
Interest revenue 30,000
Gain on the sale of equip. 5,000

Balance in Selected Accounts: Beg. Ending
Supplies $15,000 $20,000
Interest Receivable 1,000 3,000
Accounts Payable 22,000 12,000
Interest Payable 13,000 10,000
Capital Assets 900,000 845,000
Accumulated Depreciation 400,000 425,000

NOTE: The only Capital Asset transaction was the sale of equipment.
REQUIRED: Calculate the dollar amount that would be reported on a Statement of Cash Flows
for each of the following:
Cash paid for supplies: __________________________________

Cash paid for interest: __________________________________

Cash for interest received: __________________________________

Cash received for sale of equipment:__________________________________

Answer 1