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-- Data Table Accounts payable 1,800 Land $ 18,000 Accounts receivable 2,000 Payments of cash: Acquisition of land Dividends. 40,000 2,100 1,100 Adjustments to reconcile
-- Data Table Accounts payable 1,800 Land $ 18,000 Accounts receivable 2,000 Payments of cash: Acquisition of land Dividends. 40,000 2,100 1,100 Adjustments to reconcile net income to net cash provided by operating activities Cash balance, April 1 Cash balance, April Cash receipts: Issuance (sale) of stock to owners (3,900) Rent expense 0 Retained earnings, April 1 ? Retained earnings, April 30 0 ? Salary expense 1,200 50,000 Service revenue 10,000 Sale of land 22,000 Supplies 3,700 Common stock 50,000 Utilities expense 400 Alladin Travel, Inc., began operations on April 1, 2021. During April, the business provided services for customers. It is now April 30 and Starr Williams, majority shareholder and manager, is trying to determine how well Alladin Travel performed during its first month. Ms. Williams also wants to know the company's financial position at the end of April and its cash flows during the month. (Click the icon to view the data in alphabetical order.) Now let's complete the statement of cash flows for the month ended April 30, 2021. Begin by completing the heading, then complete the rest of the statement. (Use parentheses or a minus sign to show cash payments, cash outflows, and/or a net decrease in cash. Complete input fields. Enter a O for any zero balances.) Alladin Travel Inc. Statement of Cash Flows Month Ended April 30, 2021 Cash flows from operating activities: Net Income Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Cash flows from investing activities: Acquisition of land (3600) (3900) 17.500 18.000 22.000 Sale of land (40,000) Net cash provided by (used for) investing activities Cash flows from financing activities: Issuance (sale) of stock Payment of dividends 50,000 2100 (52,100) Net cash provided by (used for) financing activities ---- (52,100) Net cash provided by (used for) financing activities Net increase (decrease) in cash 0 Cash balance, April 1, 2021 Cash balance, April 30, 2021
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