Instructions :

A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:

Cash Flows

Cash receipts:

Cash receipts from customers

$724,000

Cash receipt from owner as investment

31,000

Cash payments:

Cash payments for operating expenses

753,200

Cash payment for purchase of land

50,000

Cash withdrawals by owner

20,000

The cash balance as of May 1, 2018, was $88,600.

Prepare a statement of cash flows for Adventure Travel Service for the year ended April 30, 2019. Refer to the cash receipts and cash payments information given in the instructions and to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) and the word Deduct will automatically appear if they are required. Enter amounts that represent cash outflows as negative numbers using a minus sign.

Labels and Amount Descriptions

Labels

Cash flows from financing activities

Cash flows used for investing activities

Cash flows from operating activities

For the Year Ended April 30, 2019

Amount Descriptions

Cash as of May 1, 2018

Cash as of April 30, 2019

Net cash flow from financing activities

Net cash flow from investing activities

Net cash flow from operating activities

Net cash flow used for financing activities

Net cash flow used for investing activities

Net cash flow used for operating activities

Net decrease in cash during year

Net increase in cash during year

Statement of cash flows

Prepare a statement of cash flows for Adventure Travel Service for the year ended April 30, 2019. Refer to the cash receipts and cash payments information given in the instructions and to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if they are required. Enter amounts that represent cash outflows as negative numbers using a minus sign.