A summary of cash flows for Ousel Travel Service for the year ended November 30, 2016, follows:

Question:

A summary of cash flows for Ousel Travel Service for the year ended November 30, 2016, follows:
Cash receipts:
Cash received from customers ................................ $1,465,000
Cash received from issuing ................. 50,000
Cash payments:
Cash paid for operating expenses .............................1,230,000
Cash paid for land .............................................. 150,000
Cash paid as dividends ......................................... 30,000
The cash balance as of December 1, 2015, was $203,000.
Prepare a statement of cash flows for Ousel Travel Service for the year ended November 30, 2016. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...