Blue Spruce Enterprises began operations on January 1, 2024. During 2024 and 2025, the company entered into the following transactions: Cash collected from customers during the year for services provided that year. Accounts receivable at year end for services provided on account during the year. Cash collected from customers for services provided on account the previous year. Cash collected from customers for services to be provided the following year. Services provided to customers who had paid cash in advance the previous year. Cash paid for operating expenses incurred during the year. Accounts payable at year end for operating expenses incurred on account during the year. Cash paid to creditors for operating expenses incurred on account during the previou