Solution-Prepare a statement of cash flows for sunset travel

Prepare a statement of cash flows for sunset travel

Reference no: EM13554841

Statement of cash flows

A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown below.

Cash receipts:
Cash received from customers	$1,500,000
Cash received from issuing capital stock	75,000
Cash payments:
Cash paid for operating expenses	1,215,000
Cash paid for land	240,000
Cash paid for dividends	66,000

The cash balance as of May 1, 2013, was $220,000. Prepare a statement of cash flows for Sunset Travel Service for the year ended April 30, 2014.

Reference no: EM13554841

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Prepare a statement of cash flows for sunset travel

Reference no: EM13554841

Reference no: EM13554841

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