A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, follows:
Question:
A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, follows:
The cash balance as of September 1, 20Y5, was $59,500. Prepare a statement of cash flows for A-One Travel Service for the year ended August 31, 20Y6.
Transcribed Image Text:
Cash receipts:
Cash received from customers
$1,125,000
Cash received from issuing common stock
Cash payments:
Cash paid for operating expenses
Cash paid for land
Cash paid as dividends
15,000
815,000
150,000
50,000
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