The following information applies to the questions displayed

[The following information applies to the questions displayed below.j The following Information for the nine months ended September 30, 2013 was reported by OpenReservation, Inc. Accounts Payable Accounts Recelvable Cash (balance on January 1, 2013) Cash (balance on September 30, 2013) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepald Rent Office Expense Retalned Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable $ 47000 24,800 94,900 82,000 154,000 0 138,700 10,300 29,700 17,400 25,700 7.200 14,500 7,300 35,900 41,800 25,300 10,000 Other cash flow Information: Cash from issulng common stock Cash pald to reacquire common stock Cash pald for Income taxes Cash pald to purchase long-term assets Cash pald to supplers and employees Cash recelved from customers $23,000 25,700 11,200 54,400 85.600 41,000

Solution

Open Reservation Inc. Statement of Cash flows for Month Ended September 30, 2013 Cash flows from operating activities Cash received from customers 1,41,000 Cash paid to suppliers & employees     -85,600 Cash paid for income taxes     -11,200 Net cash inflows from Operating activities      44,200 Cash flow from investing activities Cash paid to purchase of long term assets     -54,400 Net cash out flows from investing activities     -54,400 Cash flow from financing activities Cash from issuing Common Stock      23,000 Cash paid to reacquire Common Stock     -25,700 Net cash inflows from financing activities       -2,700 Cash balance , January 1,2013      94,900 Cash balance , September 30, 2013      82,000