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Question 5 of 6 -11 view Punctes Current Attempt in Progress The following information is taken from the 2022 general ledger of Sandhill Company. Rent
Question 5 of 6 -11 view Punctes Current Attempt in Progress The following information is taken from the 2022 general ledger of Sandhill Company. Rent Rent expense Prepaid rent, January 1 Prepaid rent, December 31 $ 72,000 14,160 17,760 Salaries Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 $ 129,600 4,800 19.200 Sales Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 $384,000 38,400 16,800 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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