A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2016,...

A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2016, follows. The cash balance as of September 1, 2015, was $89,000.

Cash flows
Cash receipts:
Cash received from customers	$734,000
Cash received from additional investment of owner	36,000
Cash payments:
Cash paid for operating expenses	745,600
Cash paid for land	50,000
Cash paid to owner for personal use	18,000

Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2016. Refer to the cash receipts and cash payments information given in the exercises and to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) and the word “Deduct” will automatically appear if they are required. Enter amounts that represent cash outflows as negative numbers using a minus sign.

Expert Solution

Particulars	Amount	Amount
Cash Flow from Operating Activities :
Cash Receipts from Customers	734,000.00
Cash paid for operating expenses	(745,600.00)
Net Cash provided by operating Activities		(11,600.00)
Cash flow from Investing activities
Cash paid for land	(50,000.00)
Cash flow from Investing activities		(50,000.00)
Cash flow from Financing activities
Cash received from additional investment of owner	36,000.00
Cash paid to owner for personal use	(18,000.00)
Cash flow from Financing activities		18,000.00
net change in cash and cash equivalents		(43,600.00)

ekkarill92 answered 1 year ago

The revenues and expenses of sentinel travel agency service for the year ended August 31, follow

The revenues and expenses of sentinel travel agency service for the year ended August 31, follow Particulars Amount$ Fees earned 7,98,055 Office Expense 1,83,555 Miscellaneous expense 15,960 Wages Expense 3,83,065 Prepare a statement of owner's equity for the year ended august 31,2019. Barb Schroeder, the owner, invested an additional $47,900 in the business during the year and withdrew cash of $30,300 for personal use.Barb Schroeder,capital as of september1,2018 was $2,15,000

The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed...

The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned $816,295 Office expense 187,750 Miscellaneous expense 16,325 Wages expense 391,820 Accounts receivable 57,140 Accounts payable 20,405 Cash 150,870 Land 261,000 Supplies 9,795 Barb Schroeder, the owner, invested an additional $49,000 in the business during the year and withdrew cash of $31,000 for personal use. Barb Schroeder, capital as of September 1, 2018, was $220,000. Prepare a report form balance sheet as...

A summary of cash flows for Ousel Travel Service for the year ended November 30, 2016,...

A summary of cash flows for Ousel Travel Service for the year ended November 30, 2016, follows. The cash balance as of December 1, 2015, was $203,000. Cash Flows Cash receipts: Cash received from customers $1,465,000 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 Prepare a statement of cash flows for Ousel Travel Service for the year ended November...

The revenues and expenses of sentinel travel service for the year ended august 31,2019 follows

The revenues and expenses of sentinel travel service for the year ended august 31,2019 followsParticularsAmount$Fees earned7,50,000Office expense2,95,000Miscellaneous expense12,000Wages expense4,50,000Prepare an income statement for the year ended august 31,2019

. A summary of cash flows for Linda's Design Services for the year ended December 31...

. A summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. Cash receipts: Cash received from customers $84,560 Cash received from additional investment by owner 15,100 Cash payments: Cash paid for expenses $30,910 Cash paid for land 62,810 Cash paid for supplies 370 Drawing 6,730 Cash balance as of January 1 $5,000 Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Refer to the lists...

A summary of cash flows for Adventure travale service for the year ended april 30,2019 follows,

A summary of cash flows for Adventure travale service for the year ended april 30,2019 follows,ParticularsAmount$Cash receipts: Cash received from customers20,80,000Cash received from additional investment of owner60,000Cash payments: Cash paid for operating expenses17,06,000Cash paid for land4,00,000Cash paid to owner for personal use40,000The cash balance as of may 1,2018 was $2,03,000Prepare a statement of cash flows for adventure Travel Service for the year ended April 30,2019

A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2018,...

A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2018, follows: Cash receipts: Cash received from customers $647,500 Cash received from issuing common stock 63,500 Cash payments: Cash paid for operating expenses 485,500 Cash paid for land 90,000 Cash paid for dividends 14,500 The cash balance as of June 1, 2017, was $57,000. Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2018. Refer to the Instructions...

The Murdock Corporation Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows...

The Murdock Corporation Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from Operating Activities: Net Income $ 50,000 Adjustments to reconcile Net Income to Net Cash provided by operations Depreciation Expense $ 53,000 Gain on Sale of Debt securities $ (4,500) Gain on Sale of Equipment $ 1,000 Increase in Accounts Receivables $ (11,750) increase in Inventory $ (20,000) Decrease in Prepaid Insurance $ 500 Decrease in Accounts Payable $ (72,330) Decrease in Salaries Payable...

The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees...

The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $801,980 Office expense 184,455 Miscellaneous expense 16,040 Wages expense 384,950 Accounts payable 20,050 Accounts receivable 56,140 Cash 235,320 Common stock 135,000 Land 257,000 Supplies 9,625 Cash dividends of $30,500 were paid during the year. Retained earnings as of June 1, 20Y5, were $217,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel...

LIVERS INC. Statement of Cash Flows For the Year Ended December 31, 20Y3 Cash flows from...

LIVERS INC. Statement of Cash Flows For the Year Ended December 31, 20Y3 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on inventory write down and fixed assets Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from...

Question