The following information is taken from the 2019 general ledger of Swisher Company. Instructions In each case,
Question:
Instructions
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.
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Rent expense Prepaid rent, January1 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 48,000 5,900 9,000 54,000 10,000 8,000 $175,000 16,000 7,000 Rent Salaries Sales
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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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