The following information is taken from the 2012 general ledger of Okonedo Company. InstructionsIn each case, compute
Question:
The following information is taken from the 2012 general ledger of Okonedo Company.
InstructionsIn each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.
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Rent Rent expense Prepaid rent, January 1 Prepaid rent, December 31 Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 Sales revenue Accounts receivable, January 1 Accounts receivable. December 31 $ 40.000 5.900 9,000 $ 54.000 10.000 Salaries 8,000 $170,000 Sales 16.000 7.000
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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