The following information is taken from the 2015 general ledger of Swisher Company. Rent Rent expense $48,990
Prepaid rent, January 1 5,710
Prepaid rent, December 31 9,100
Salaries Salaries and wages expense $54,240
Salaries and wages payable, January 1 10,720
Salaries and wages payable, December 31 8,960
Sales Sales revenue $169,980
Accounts receivable, January 1 16,160
Accounts receivable, December 31 6,950
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 $

See below

Explanation:

1. Cash payments for rent

= Rent expense + Ending prepaid rent - Beginning prepaid rent

= $48,990 + $9,100 - $5,710

= $52,380

2. Cash payments for salaries

= Salary expense + Beginning salaries payable - Ending salaries payable

= $54,240 + $10,720 - $8,960

= $56,000

3. Cash receipts from customers

= Sales revenue + Beginning accounts receivable - Ending account receivable

= $169,980 + $16,160 - $6,950

= $179,190

I would just like to point out that this is not my personal answer. This same question was asked on a different page. I do not take credit for this

Both personal and government budgeting involve an ongoing process of balancing multiple needs and wants. Both have two types of spending to consider: a personal budget’s fixed expenses correspond to the government’s mandatory spending; the flexible spending in a personal budget corresponds to the government’s discretionary spending. In both types of budgets, overspending can mean taking on debt. An important way that personal budget and government budgets differ is that personal budgets are meant to meet the needs of those in a particular individual or household and rarely involve the income of others. In the case of government budgets, Congress is making decisions about millions of taxpayers’ money and must work to make a budget that takes care of both individual citizens and the national interest.