$ 30,600.00 $ 6,200.00 $ 7,100.00 Rent Rent expense $ 17,300.00 Cash payn Prepaid rent, January 1 Prepaid rent, December 31 $ 65,500.00 $ 3,100.00 $ 8,500.00 Salaries Salaries and wages expense $ 53,900.00 Cash payn Salaries and wages payable, January 1 Salaries and wages payable, December 31 $160,800.00 $ 19,500.00 $ 6,900.00 Sales Sales revenue $134,400.00 Cash rece Accounts receivable, January 1 Accounts receivable, December 31
$ 30,600.00 $ 6,200.00 $ 7,100.00 Rent Rent expense $ 17,300.00 Cash payn Prepaid rent, January 1 Prepaid rent, December 31 $ 65,500.00 $ 3,100.00 $ 8,500.00 Salaries Salaries and wages expense $ 53,900.00 Cash payn Salaries and wages payable, January 1 Salaries and wages payable, December 31 $160,800.00 $ 19,500.00 $ 6,900.00 Sales Sales revenue $134,400.00 Cash rece Accounts receivable, January 1 Accounts receivable, December 31
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 34CE: Notes Receivable Metzler Communications designs and programs a website for a local business. Metzler...
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I have been unsuccesful in multiple attempts and hope you can assist on the following question.
Using the direct method compute for Flamingo Corporation:
- Cash payments for rent
- Cash payments for salaries
- Cash receipts from customers
I have attached my spreasdsheet with the inputs and two of my attempts.
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