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1) 2) The following table shows the account ending balances for accounts receivable. Based on the change in the accounts receivable balance, how would this
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The following table shows the account ending balances for accounts receivable. Based on the change in the accounts receivable balance, how would this change impact the current year cash flow? Account Title Year 1 - Current Year Year 2 - Prior Year Accounts Receivable $15,000 $10,000 O $5,000 decrease to operating cash flows O $5,000 decrease to investing cash flows O $5,000 decrease to financing cash flows O $5,000 increase to financing cash flows $5.000 increase to operating cash flows $5.000 increase to investing cash flows On 9/1, Bugsy Pest Control receives $12,000 in advance to provide provide pest control services to a client over the next 4 months. When the business transaction is recorded on 9/1, what amount, if any, would be recorded for Service Revenue? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123Step by Step Solution
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