Statement of cash flows
A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2014, is shown below.
|
Cash receipts: |
|
|
Cash received from customers |
$734,000 |
|
Cash received from issuing |
36,000 |
|
Cash payments: |
|
|
Cash paid for operating expenses |
745,600 |
|
Cash paid for land |
50,000 |
|
Cash paid for dividends |
18,000 |
Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2014.