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Statement of cash flows 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 customers Cash received from additional investment of owner 50,000 Cash payments: Cash paid for operating expenses 1,230,000 Cash paid for land 150,000 Cash paid to owner for personal use 30,000 The cash balance as of December 1, 2015, was $203,000. Prepare a statement of cash flows for Ousel Travel November 30, 2016.

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Accounting (Text Only)

26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615
BuyFind

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615

Solutions

Chapter
Section
Chapter 1, Problem 1.7APE
Textbook Problem

Statement of cash flows

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 customers

Cash received from additional investment of owner

50,000

Cash payments:

Cash paid for operating expenses

1,230,000
Cash paid for land 150,000
Cash paid to owner for personal use 30,000

The cash balance as of December 1, 2015, was $203,000.

Prepare a statement of cash flows for Ousel Travel November 30, 2016.

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Chapter 1 Solutions

Accounting (Text Only)
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