Statement of Cash Flows A summary of cash flows for Hoist Travel Service for the year ended August 31, 20Y4, is shown below. Cash receipts: Cash received from customers $319,980 Cash received from additional investment of owner 22,400 Cash payments:
Cash paid for operating expenses 246,380
Cash paid for land 75,800
Cash paid to owner for personal use 4,500 T
he cash balance as of September 1, 20Y3, was $115,210.
Prepare a statement of cash flows for Hoist Travel Service for the year ended August 31, 20Y4. Use the minus sign to indicate cash outflows, cash payments and decreases in cash.
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Statement of Cash Flows A summary of cash flows for Hoist Travel Service for the year ended August 3...
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