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E2-20 - Cash payments for acquistion of land 66,600 Cash...

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SANDCASTLE REALTY INC. Statement of Cash Flows For the Month Ended June 30, 2009 Cash flow from operating activies: Cash received from customers $89,100 Deduct cash payments for expenses and payments to creditors 48,600 Net cash flows from operating activites $40,500 Cash flows from investing activies:
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Unformatted text preview: Cash payments for acquistion of land 66,600 Cash flows from financing activites: Cash received from issuing capital stock $18,000 Deduct dividends 7,200 Net cash flows from financing activites 25,200 Net cash flow and April 30, 2009 cash balance ($900)...
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