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View Policies Current Attempt in Progress The following information is taken from the 2022 general ledger of Swifty Company. Rent Rent expense $30,500 Prepaid rent,
View Policies Current Attempt in Progress The following information is taken from the 2022 general ledger of Swifty Company. Rent Rent expense $30,500 Prepaid rent, January 1 5,800 Prepaid rent, December 31 7,400 Salaries Salaries and wages expense $65,100 Salaries and wages payable, January 1 2,500 Salaries and wages payable, December 31 7,700 Sales Sales revenue $160,900 Accounts receivable, January 1 20,000 Accounts receivable, December 31 7,400 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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