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Sentinel Travel Service Statement of Cash Flows For the Year Ended August 31, 2019. Cash flows from operating activities: Cash receipt from customers Cash payments
Sentinel Travel Service Statement of Cash Flows For the Year Ended August 31, 2019. Cash flows from operating activities: Cash receipt from customers Cash payments for operating expenses Net cash flow used for operating activities Cash flows used for investing activities: 734,000 745,600 X 11,600 X Cash payment for purchase of land 50,000 X Cash flows from financing activities: Cash receipt from owner as investment 36,000 Cash withdrawals by owner 20,000 X Net cash flow from financing activities 18,000 Net decrease in cash during year 45,600 X Cash as of September 1, 2018 89,000 Cash as of August 31, 2019 43,400 X Feedback Check My Work Follow Example Exercise 1-7 Identify the sources of cash and determine the company's use of cash. Recall that there are three activity types of cash flows operating investing, and financing
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