A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows: Cash receipts: Cash received from customers .....................................$2,080,000 Cash received from additional investment of owner ............. 60,000 Cash payments: Cash paid for operating expenses .................................... 1,706,000 Cash paid for land .................................................... 400,000 Cash paid to owner for personal use ................................ 40,000 The cash balance

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

Cash receipts:

Cash received from customers .....................................$2,080,000

Cash received from additional investment of owner ............. 60,000

Cash payments:

Cash paid for operating expenses .................................... 1,706,000

Cash paid for land .................................................... 400,000

Cash paid to owner for personal use ................................ 40,000

The cash balance as of May 1, 2018, was $203,000.

Prepare a statement of cash flows for Adventure Travel Service for the year ended

April 30, 2019.

Related Book For answer-question

Accounting

27th edition

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

ISBN: 978-1337899451