Question: In 2014 Renato Corp had cash receipts from customers of

In 2014, Renato Corp. had cash receipts from customers of $ 152,000 and cash payments for operating expenses of $97,000. At January I, 2014, accounts receivable was $ 13,000 and total prepaid expenses was $17,500. At December 31, 2014, accounts receivable was $18,600 and total prepaid expenses was $23,200. Calculate (a) total service revenue and (b) total operating expenses.

View Solution:


Sale on SolutionInn
Sales0
Views115
Comments
  • CreatedSeptember 18, 2015
  • Files Included
Post your question
5000