Question
Prepare the operating activities section of Middleburg Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the direct
Prepare the operating activities section of Middleburg Golf Club's statement of cash flows for the year ended September 30, 2018. The company uses the direct method for operating cash flows.
Cost of Goods Sold106,000 Payment of Dividends6,500
Payment to Suppliers113,000 Proceeds from Issuance of Stock22,000
Purchase of Equipment for Cash42,000 Sales Revenue226,000
Payments to employees79,000 Collections from Customers208,000
Payment of Notes payable23,000 Payment of Income Tax17,000
Proceeds from sale of land47,000 Purchase of Treasury Stock5,700
Depreciation Expense9,000
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