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all of 17.14 please *E17.14 (LO 4), Financial Statement The following information is taken from the 2020 general ledger of Swisher Company. Calculate cash flows-direct
all of 17.14 please
*E17.14 (LO 4), Financial Statement The following information is taken from the 2020 general ledger of Swisher Company. Calculate cash flows-direct method. $ 48,000 Rent expense Rent Prepaid rent, January 1 5,900 Prepaid rent, December 31 9,000 $ 54,000 Salaries and wages expense Salaries Salaries and wages payable, January 1 10,000 Salaries and wages payable, December 31 8,000 Sales Sales revenue $175,000 Accounts receivable, January 1 16,000 Accounts receivable, December 31 7,000 Instructions In each case, compute the amount that should be reported in the operating activities section of ledger of Swisher Company. Calculate cash flows-direct method. $ 48,000 Rent Rent expense Prepaid rent, January 1 5,900 Prepaid rent, December 31 9,000 $ 54,000 Salaries and wages expense Salaries Salaries and wages payable, January 1 10,000 Salaries and wages payable, December 31 8,000 Sales Sales revenue $175,000 Accounts receivable, January 1 16,000 Accounts receivable, December 31 7,000 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 Step by Step Solution
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