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Exercise 17-14 The following information is taken from the 2020 general ledger of Swisher Company. Rent Rent expense Prepaid rent, January 1 Prepaid rent, December
Exercise 17-14 The following information is taken from the 2020 general ledger of Swisher Company. Rent Rent expense Prepaid rent, January 1 Prepaid rent, December 31 $39.800 6,200 8,200 Salaries Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 $65,600 10,500 8,500 Sales Sales revenue $170.900 Accounts receivable, January 1 18,900 Accounts receivable, December 31 6,300 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 5 Click if you would like to show Work for this question: Open Show Work
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