The Kerr-Graham Corporation cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses...

 

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The Kerr-Graham Corporation cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. It has been determined that at January 1, accounts receivable was $13,000, and accrued expenses were $17,500. At December 31, accounts receivable was $18,600, and accrued expenses were $24,600. The operating expenses on the accrual basis are: The Kerr-Graham Corporation cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. It has been determined that at January 1, accounts receivable was $13,000, and accrued expenses were $17,500. At December 31, accounts receivable was $18,600, and accrued expenses were $24,600. The operating expenses on the accrual basis are:

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