Kelly SpA had cash receipts from customers in 2019 of 142,000 Cash payments for operating expenses were 97,000 Kelly has determined that at January 1, accounts receivable was 13,000, and prepaid expenses were 17,500 At December 31, accounts receivable was 18,600, and prepaid expenses were 23,200 Co...

a Cash receipts from customers 142000 Increase in acc ...

Kelly SpA had cash receipts from customers in 2019 of 142,000. Cash payments for operating expenses were

Question:

Kelly SpA had cash receipts from customers in 2019 of €142,000. Cash payments for operating expenses were €97,000. Kelly has determined that at January 1, was €13,000, and prepaid expenses were €17,500. At December 31, was €18,600, and prepaid expenses were €23,200. Compute
(a) Service revenue
(b) Operating expenses.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...