Phoenix Golf Club, Inc., has assembled the following data for the year ended September 30, 2014: Prepare
Question:
Prepare the operating activities section of Phoenix Golf Club, Inc. s statement of cash flows for the year ended September 30, 2014. Phoenix Golf Club uses the direct method for operating cashflows.
Transcribed Image Text:
$112,000 suppliers... 124,000 Proceeds from issuance Payment of dividends Purchase of cquipment with cash Payment of note payabl.. Depreciation expense . h.... 29,000 of common stock 30,000 78,000 Sales revenue...281,000 36,000 Collections from customers.263,000 19,000 5,400 46,000 Payment of income tax.. 8,000 Purchase of treasury stock.
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Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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