The following information is taken from the 2002 general ledger of Richard Gere Company.

Instructions
In each ol the above cases, compute the amount that should ing activities section ol the statement ol cash Nous using the $ 33, 'Hid 7,900 1.000 $ 54,000 5,000 S.000 \($180,000\) 12,000 7,000 be reported in the operatdirecl method

Transcribed Image Text:

Rent Salaries Sales Rent expense Prepaid rent, January 1 Prepaid rent, December 31 Salaries expense Salaries payable, January 1 Salaries payable, December 31 Revenue from sales Accounts receivable, January 1 Accounts receivable, December 31 $ 33,000 7,900 3,000 $ 54,000 5,000 8,000 $180,000 12,000 7,000