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Exercise 13-13 The following information is taken from the 2015 general ledger of Swisher Company. Rent $48,850 5,830 9,320 Rent expense Prepaid rent, January 1
Exercise 13-13 The following information is taken from the 2015 general ledger of Swisher Company. Rent $48,850 5,830 9,320 Rent expense Prepaid rent, January 1 Prepaid rent, December 31 Salaries $54,300 10,850 8,400 Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 Sales Sales revenue Accounts receivable, January 1 Accounts receivable. December 31 $169,740 16,150 6,240 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. Cash payments for rent Cash payments for salaries Cash receipts from customers
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