The following information is taken from the 2014 general ledger of Swisher Company.
|
Rent |
Rent expense |
$48,000 |
|
Prepaid rent, January 1 |
5,900 |
|
|
Prepaid rent, December 31 |
9,000 |
|
|
Salaries |
Salaries and wages expense |
$54,000 |
|
Salaries and wages payable, 1/1/2014 |
10,000 |
|
|
Salaries and wages payable, 12/31/2014 |
8,000 |
|
|
Sales |
Sales revenue |
$175,000 |
|
Accounts receivable, January 1 |
16,000 |
Instructions
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.