eBook

Show Me How

Question Content Area

Statement of cash flows

A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, follows:

Line Item DescriptionAmountCash received from customers$310,310Cash received from issuing common stock15,500Line Item DescriptionAmountCash paid for operating expenses251,350Cash paid for land60,700Cash paid for dividends2,500

The cash balance as of September 1, 20Y5, was $104,080.

Prepare a statement of cash flows for A-One Travel Service for the year ended August 31, 20Y6. Use the minus sign to indicate cash outflows, cash payments and decreases in cash.

Line Item DescriptionAmountAmountCash flows from (used for) operating activities: Cash paid for purchase of landCash received from customersCash received from issuing common stockCash paid for dividends$- Select - Cash paid for dividendsCash paid for operating expensesCash paid for purchase of landCash received from issuing common stock- Select - Net cash flows from operating activitiesNet cash flows used for operating activities $- Select -Cash flows from (used for) investing activities: Cash paid for dividendsCash paid for operating expensesCash paid for purchase of landCash received from customersCash received from issuing common stock - Select -Cash flows from (used for) financing activities: Cash paid for operating expensesCash paid for purchase of landCash received from customersCash received from issuing common stock$- Select - Cash paid for dividendsCash paid for operating expensesCash paid for purchase of landCash received from customers- Select - Net cash flows from financing activitiesNet cash flows used for financing activities - Select -Net decrease in cashNet increase in cash $- Select -Cash balance, September 1, 20Y5 Cash balance, September 1, 20Y5Cash balance, August 31, 20Y6 $Cash balance, August 31, 20Y6