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Prepare Middleburg Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the diroct method for operating cash flows.
Prepare Middleburg Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the diroct method for operating cash flows. Middleburg Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2018 Cash flows from operating activities: Collections from customers S 208,000 Cash payments: \begin{tabular}{lrrr} Payments to suppliers & $(113,000)(79,000) & \\ Payments to employees & (17,000) & \\ \hline Payment of income tax & (209,000) \\ \hline Total cash payments & $(1,000) \end{tabular} Cash flows from investing activities: \begin{tabular}{lrr} Proceeds from sale of land & $4,000 \\ Purchase of equipment & & (42,000) \\ \hline \end{tabular} Net cash provided by (used for) investing activities Cash flows from financing activities: Data Table ita table Prepare Middleburg Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the diroct method for operating cash flows. Middleburg Golf Club, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2018 Cash flows from operating activities: Collections from customers S 208,000 Cash payments: \begin{tabular}{lrrr} Payments to suppliers & $(113,000)(79,000) & \\ Payments to employees & (17,000) & \\ \hline Payment of income tax & (209,000) \\ \hline Total cash payments & $(1,000) \end{tabular} Cash flows from investing activities: \begin{tabular}{lrr} Proceeds from sale of land & $4,000 \\ Purchase of equipment & & (42,000) \\ \hline \end{tabular} Net cash provided by (used for) investing activities Cash flows from financing activities: Data Table ita table
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