A summary of cash flows for Sentinel Travel Service for

A summary of cash flows for Sentinel Travel Service for

A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2019,
follows:
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 ................................. 20,000
The cash balance as of September 1, 2019, was $89,000.
Prepare a statement of cash flows for Sentinel Travel Service for the year ended
August 31, 2019.

A summary of cash flows for Sentinel Travel Service for

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