A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is

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A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is shown below.

Cash receipts:

Cash received from customers ........$1,500,000

Cash received from issuing capital stock .... 75,000

Cash payments:

Cash paid for operating expenses ...... 1,215,000

Cash paid for land .............. 240,000

Cash paid for dividends ............ 66,000

The cash balance as of May 1, 2013, was $220,000.

Prepare a statement of cash flows for Sunset Travel Service for the year ended April 30, 2014.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 06:45 AM

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A summary of cash flows for Sunset Travel Service for the year ended April 30, 2014, is

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Corporate Financial Accounting

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