Prepare the operating activities section of Medford Golf Club, Inc.\'s statement

Question

Prepare the operating activities section of Medford Golf Club, Inc.'s statement of cash flows for the year ended September 30, 2016 Medford Golf Club uses the direct method for operating cash flows

This Question: 4 pts 20141 complete) This Test: 20 pts possible Medford Golf Club, Inc., has assembled the following data for the year ended September 30, 2016 Click the icon to wow the data.) Preparo the operan acti tes section cf Medo d Gof b Inc staten ent of cash to $ fo the year ended So te n 30, 2016 Medford Golf C b utes tho d eet me hed or operating cash fo s U00 parentheses c a n us a fo n be $ to be s tracted and fo net decrease n cash. Medford Golf Club, Inc Statement of Cash Flows (Direct Method) Year Ended Seplember 30, 2016 Cash flows from operating activities: Data Table Cash payments Cost of goode sold Payments to supplers Purchase of equipment with cash Paymants to employeos Paymant of note payabla Proceeds rom salo of land Depreciaian exxpenso 106,000 Payment of dividends $ 5,500 08.000 Proceeds Fom issuance 42,000 76,000 Sales navenue 17,000 Collections trom customens 28,000 Payment of income tax 4,000 Purchase of trcsury stock of common stock 18,000 213,000 203,000 9,000 5,100 Tolal cash payments Net cash provided by (used for) operating activties Print Done cnoose rom any list or enter any number n the input nelas and then continue to the next question

Explanation / Answer

Medford Gold Club, Inc.

Statement of Cash Flows (Direct Method)

Year Ended September 30, 2016

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