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 60,000Cash payments:              Cash paid for operating expenses 1,706,000              Cash paid for land 400,000              Cash paid to owner for personal use 40,000The 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.

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 1.7BE: Statement of cash flows A summary of cash flows for Paradise Travel Service for the year ended May...
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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.

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