Show Company had total operating expenses of $153,000 in 2017, which included Depreciation Expense of $30,000. Also during 2017, prepaid expenses decreased by $9,500 and accrued expenses increased by $8,500.
Instructions
Calculate the amount of cash payments for operating expenses in 2017 using the direct method.

Question

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The Answer of Show Company had total operating expenses of $153,000 in 2017, which included Depreciation Expense of $30,000. Also during 2017, prepaid expenses decreased by $9,500 and accrued expenses increased by $8,500.
Instructions
Calculate the amount of cash payments for operating expenses in 2017 using the direct method.

Show Company Had Total Operating Expenses of $153,000 in 2017