Question: Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,000 5,000 Sales 125,000 63,000 Insurance Expense 20,000

Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,000 5,000 Sales 125,000 63,000 Insurance Expense 20,000 12,000 Salaries Expense 57,000 21,000 What is the second number in the cash event (direct method)? Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Journalize and Post Adjusting Entries from the Work Sheet Jason Armstrong started a business called Campus Delivery Service. After the first month of operations, the trial balance as of November 30,...

Not sure how to upload files on here. I don't think it's possible so here are screenshots of the pictures to have a clearer visual of what I need help with. THANK YOU!! 3 Part III - READ ALL...

please HELPPP!!! ex C Get Homework Help With Che X + haida7370318 chapterid=63462 Samance Commu. Business cards - Fountain Writers Work Wil Motley Fool Williams Tax Service Profile - Investing- BD...

these first pics are the details for the entire thing the next pics following are the completed parts a to d what i need done is: schedule of disbursement of materials, labor budget, schedule of...

Share Comments SB LIX V ) m Insert Format Delete Y Sart Filter v Find & Select Analyze Date V AutoSave IF OFF A ACCT1100 Review Assignment Fall 2021 Student (Revised) v1 Home Insert Draw Page Layout...

Looking for help on Capsim Final Performance Assessment Report For Company ERIE? "- OVERALL (BUSINESS LEVEL) STRATEGY OVERALL COMPANY PERFORMANCE (2-3 pages)" Andrews ROS 16.2% Asset Turnover 1.16...

* Accounting Cycle Review 7-01 a 1-f2 Crane Co. uses a perpetual Inventory system and both an accounts receivable and an accounts payable subsidlary ledger. Balances related to both the general...

Vision Pty Ltd, a manufacturer of fibre-optic communications equipment, uses a job costing system. Since the production process is heavily automated, manufacturing overhead is applied on the basis of...

PLEASE HELP ME FIGURE OUT THE WORKSHEET. It would be awesome if there was a filled out answer! Transaction Description of transaction June 1: Hudson Bloom invested $190,936.00 cash and computer...

Can someone tell me what the Income from operations and Interest expense is? I have attached the income statement Created by EDGAR Online, Inc. NIKE INC TABLE1 Form Type: 10-K Period End: May 31,...

You start with $10,000 to invest. You have decided to buy McDonalds (MCD) on margin. Your broker requires an initial margin of 50%. Currently, MCD is trading for $250 per share. You borrow the...

Suppose that the European Commission asked you to develop a brief on behalf of subsidizing European software developmentbearing in mind that the software industry is currently dominated by U.S....

Ordinary and necessary administration expenses paid by the fiduciary of an estate are deductible: ( A ) On both the fiduciary tax return and the estate tax return. Only on the fiduciary tax return...

Find the radius of gyration of a plate covering the region bounded by x=3, x=5, y=0, and y=4 with respect to the y-axis.

10-10 Columbiana is a small, independent island in the Caribbean that has many historical buildings, forts, and other sites, along with rain forests and striking mountains. A few first-class hotels...

10-8 The mobile platform may not make desktop PCs obsolete, but corporations will have to change their business models to adjust to this shift. Do you agree? Why or why not?

10-12 Pick one e-commerce company on the Internetfor example, Ashford, Buy.com, Yahoo, or Priceline. Study the Web pages that describe the company and explain its purpose and structure. Use the Web...