Unit 10 homework Qa.b

Data

a

b

The 2022 accounting records of Bramble Transport provide the following information Payment of interest $10.600 $57,400 Cash sales 50,100 16,300 18,600 Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles 812,500 15.900 Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise 22.300 37.500 2,200 96.900 Payment of dividends 13.900 Payment for land 74,400 Payment of operating expenses 27,600 Collection of accounts receivable 195,500 Prepare the cash flows from operating activities section using the direct method. BRAMBLE Transport Statement of Cash Flows-Direct Method Cash receipts from $ > $ cash payments: > > S The following information is taken from the 2022 general ledger of Lily Company. Rent $ 30,300 Rent expense Prepaid rent, January 1 Prepaid rent, December 31 6,200 8.900 Salaries $64.800 Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 2.400 8.800 Sales Sales revenue $ 160,100 18,900 Accounts receivable, January 1 Accounts receivable December 31 7,300 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 $