Reference no: EM132678326
Problem - A summary of cash flows for Chickadee Travel Service for the year ended April 30, 2019, follows:
Cash receipts:
Cash received from customers $251,000
Cash received from additional investment of owner 50,000
Cash payments:
Cash paid for expenses 210,000
Cash paid for land 80,000
Cash paid to owner for personal use 30,000
The cash balance as of May 1, 2018, was $72,050. Prepare a statement of cash flows for Chickadee Travel Service for the year ended April 30, 2019.
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