A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, follows: Cash receipts: Cash received from customers Cash received from issuing common stock Cash payments: Cash paid for operating expenses Cash paid for land Cash paid as dividends The cash balance as of September 1, 20Y5, was $59,500. $1,125,000 15,000 Prepare a statement of cash flows for A-One Travel Service for the year ended August 31, 20Y6. Use the minus sign to indicat cash outflows, cash payments and decreases in cash. Line Item Description Cash flows from (used for) operating activities: 815,000 150,000 50,000 A-One Travel Service Statement of Cash Flows For the Year Ended August 31, 20Y6 Cash flows from (used for) investing activities: Amount Amount

A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, follows: Cash receipts: Cash received from customers Cash received from issuing common stock Cash payments: Cash paid for operating expenses Cash paid for land Cash paid as dividends The cash balance as of September 1, 20Y5, was $59,500. $1,125,000 15,000 Prepare a statement of cash flows for A-One Travel Service for the year ended August 31, 20Y6. Use the minus sign to indicat cash outflows, cash payments and decreases in cash. Line Item Description Cash flows from (used for) operating activities: 815,000 150,000 50,000 A-One Travel Service Statement of Cash Flows For the Year Ended August 31, 20Y6 Cash flows from (used for) investing activities: Amount Amount

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Using the following information please prepare a statement of cash flow Revenue forServices$75,000.00 Checks written to Vedors$25,000.00 Payment to employees$10,000.00 Cash, beginning of year$50,000.00 Purchase new equipment$35,000.00 Loan Repayment$17,500.00
help me answer these please
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Sagada Company's summary of cash records show the following for the year 2022, its first year of operation: CASH: Cash receipts - debit, P 3,840,000 Cash disbursements - credit, P 2,475,000 December 31 balance, P 1,365,000 You are contacted by the management to compute its net income using the accrual basis of accounting. During the process of preparation, the following were identified by you that will impact your computation: Property, plant and equipment are depreciated on a straight line basis. Annual depreciation is P 630,000. Prepaid insurance of P 108,000 was recognized as expense when it was paid. One-thirds of the balance is for year 2023. The entire amount of P 1,080,000 which was received as advance rental for office space in its building was recognized as rent income when received. Twenty five percent of the amount will be earned in 2023. Employees are due P 162,000 at the end of 2022. Uncollected interest from investment at the end of 2022 is P 190,200. It is estimated that…