The Following Information Presented In Thousands Is Available For The Cumberland County Utility Enterprise Fund During 1 (126.62 KiB) Viewed 34 times
The following information (presented in thousands) is available for the Cumberland County Utility Enterprise Fund during the current year: 1. The beginning balance for cash and cash equivalents was $87,710 and for restricted cash was $12,390. 2. The utility collected $2,500 in customer deposits throughout the year. Deposits of $1,100 were returned, and accounts of $200 were written off. 3. Cash paid to vendors totaled $19,909, while cash paid to employees was $35,360. 4. The utility repaid revenue bonds restricted for capital acquisitions in the amount of $17,350 and issued new debt of $15,060 to acquire new equipment. Equipment costing $8,330 was purchased for cash during the year. 5. Cash receipts came from customers, $112,505; interest on investments, $915; a transfer from the General Fund, $5,000; and interest on customer deposits, $625. (Assume that interest on customer deposits is not restricted.) Required Prepare a statement of cash flows for the Cumberland County Utility Enterprise Fund. (Ignore the reconciliation of operating income to net cash provided by operating activities because insufficient information is provided to complete the reconciliation.) (Cash outflows should be indicated by a minus sign.)
UMTIDENEAND VOUITE I Enterprise Fund Statement of Cash Flows For the Current Year Ended Cash Flows from Operating Activities: Cash Received From Customers Cash Provided From Customer Deposits Cash Paid To: Employees Vendors Net Cash Provided by Operations Cash Flows from Noncapital Financing Activities: Transfer From General Fund Net Cash Provided by Noncapital Financing Activites Cash Flows from Capital Financing Activities: Net Cash Used by Capital Financing Activities Cash Flows from Investing Activities: Interest Received on Investments Net Cash Provided by Investing Activities Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning Cash and Cash Equivalents, Ending 0 $ $ 0 0 0 0 0
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