This list of items is to be included in the cash flow statement of the Brockman Lawn

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This list of items is to be included in the cash flow statement of the Brockman Lawn Sprinklers Business for the current year:

a Payment for purchase of trenching equipment, \(\$ 6000\)

b Payments to suppliers, \(\$ 3200\)

c Receipt from sale of land, \(\$ 1000\)

d Collections from customers, \(\$ 15800\)

e Withdrawals by owner, \(\$ 2500\)

f Receipt from issuance of note payable, \(\$ 4000\)

g Payments to employees, \(\$ 5600\)

h Beginning cash balance, \(\$ 1200\).

Required:
Prepare the business' cash flow statement.
ii If net sales were \(\$ 69000\), calculate the business' operating cash flow margin.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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