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Prepare a statement of cash flows for express travel

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A summary of cash flows for Express Travel Service for the year ended June 30, 2010, is shown below.


Cash receipts:
Cash received from customers . . . . . . . . . . . . . . . . . . . . . $460,000
Cash received from additional investment of owner . . . . . . 30,000
Cash payments:
Cash paid for operating expenses . . . . . . . . . . . . . . . . . . . 355,000
Cash paid for land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,000
Cash paid to owner for personal use . . . . . . . . . . . . . . . . . 18,000

The cash balance as of July 1, 2009, was $65,000.

Prepare a statement of cash flows for Express Travel Service for the year ended June 30, 2010.

Reference no: EM131126194

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