The following information is taken from the 2022 general ledger of Bonita Company. Rent Rent expense- $30,200
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information is taken from the 2022 general ledger of Bonita Company.
Rent
Rent expense- $30,200
Prepaid rent, January 1- 5,700
Prepaid rent, December 31- 8,800
Salaries
Salaries and wages expense $64,800
Salaries and wages payable, January 1- 3,000
Salaries and wages payable, December 31 - 8,200
Sales
Sales revenue $159,000
Accounts receivable, January 1- 18,400
Accounts receivable, December 31- 6,300
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.
Cash payments for rent
Cash payments for salaries
Cash receipts from customers
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: